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Functional Expense Classification Logo aicpa

  NFP Section |   Free for NFP Section members |   AICPA |   2015 |

This article provides an overview of the financial reporting requirements under generally accepted accounting principles (GAAP) and offers some tips for designing and optimizing your NFP's expense allocation system.

Topics covered:
  • Not-for-profit: Technical: FASB financial accounting & reporting, Foundational
  • Not-for-profit: Technical: Functional expenses & joint costs, Foundational