• Events


    BDO events bring our community together in an online and offline setting
    to connect with each other and share insights into the topics and trends.

Does Your Cost Add Up? Discussion on Cost Allocation

May 11, 2017
1:00 PM to 3:00 PM ET

  

  • Summary
  • CPE Information
  • Presenters
The new Financial Accounting Standards Board, Accounting Standard Update (ASU) 2016-14, Not-For-Profit Entities (Topic 958), Presentation of Financial Statements of Not-For-Profit Entities requires NFPs to disclose the methodology for allocating costs in the notes of the financial statements.
 
Since Nonprofit charity revenues are typically based on contributions from donors to cover programmatic expenses and overhead expenses, recording and allocating those expenses has become an important step in determining functional expenses. The purpose of this webinar is to discuss the concepts of cost allocation and the new disclosure requirements. 
Webinar Learning Objectives:
 
  • Understand how to identify allocable cost, overhead expenses, and various allocation methodologies.
  • Understand the new reporting requirement for reporting expenses in a NFPs financial statements
  • Recognize the new disclosure requirements related to allocation of expenses 
Delivery: The webinar will be delivered via the BDO Online CPE Network
Prerequisites: None
Advanced Prep: None
Credits: 2 CPE credits in the field of Accounting
Program Level: Overview
BDO USA, LLP is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org
Lee Klumpp, National Assurance Director - Nonprofit and Education Practice
BDO USA, LLP
 
Andrea Wilson, Managing Director - Government Contracts and Grants Advisory
BDO USA, LLP