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Direct Route: Cost Allocations The Road to Understanding Cost Allocations and Implementing GAAP
August 25, 2022 @ 2:00 pm - 3:15 pmFree
Cost allocations provide nonprofit management the ability to determine appropriate levels for pricing products or services, report true program costs when claiming reimbursements or making grant applications and recognize and respond to trends. However, inadequate disclosures, missing classifications, and improper presentation of cost allocations are common errors in nonprofit financial statements. Join YPTC’s Aimee Pourciau for this discussion and overview of the importance of cost allocations for nonprofit organizations, including tips for implementing accounting guidance when allocating costs.
Who Should Attend: Individuals who are new to managing or providing financial services for nonprofit organizations, or would like a refresher on cost allocations are encouraged to attend.
- Define cost allocations
- Review the authoritative guidance addressing cost allocations
- Discuss the importance of allocating costs
- Summarize common methods of allocating costs
Identify some basic steps for allocating costs
Aimee Pourciau is a Manager in our Houston market with 20 years of accounting expertise. Aimee began her career in public accounting, where she spent 12 years auditing companies in the not-for-profit, governmental, banking, and construction industries. Aimee is an alumnus of Louisiana State University where she earned both her bachelor’s and master’s degrees in Accounting. She has been a CPA for over 15 years in the State of Louisiana and 6 years in the State of Texas. She is a member of the American Institute of CPAs (AICPA), Charter Global Management Accountants (CGMA), and the Texas Society of CPAs (TXCPA). At YPTC, Aimee serves as a YPTC Equity Committee member, serves as a YPTC Way Ambassador, serves as a member of the Quality Control Team, and serves as a member of the YPTC Training Administration Group (TAG).