In this Not-for-Profit Section Ideacast, Jennifer Casacchia, Director of Not-for-Profit and Higher Education Practices at Sikich, and Daniel Romano, Principal and National Tax Leader of Not-for-Profit and Higher Education Practices at Grant Thornton Advisors, address functional expense reporting from both GAAP and tax viewpoints.
Key Topics
Requirements
Functional expense categories
Natural expense classifications
Netted expenses
Allocation methods
Would you like to learn more? Not-for-Profit Section members can access the following resources:
Functional expense classification: An overview for not-for-profit entities: This