Transcription of Allocating Direct and Indirect Costs for Nonprofits
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Allocating Direct and Indirect Costs for Nonprofits
Aronson LLC | | Allocating Direct and Indirect Costs for NonprofitsCarol Barnard | April 18, 2018 Aronson LLC | Allocating Indirect cost Why Allocating Costs is important to Nonprofits Identifying Indirect Costs Different methods for Allocating Joint cost What qualifies as a joint cost Meeting the 3-part test Ratios and charity watch groups Negotiated Indirect cost Rate Agreement (NICRA) Allowable/unallowable Costs Modified Total Direct Costs vs Labor Applying for a NICRA3 Aronson LLC | ObjectivesAfter attending this live webinar you will be able to: Identify Indirect Costs to allocate and understand methods for Allocating them. Explain joint cost allocation and the steps required to pass the joint allocation test.
– Why allocating costs is important to nonprofits – Identifying indirect costs – Different methods for allocating • Joint Cost – What qualifies as a joint cost – Meeting the 3-part test – Ratios and charity watch groups • Negotiated Indirect Cost Rate Agreement (NICRA) – Allowable/unallowable costs – Modified Total Direct ...
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