statement of functional expenses definition
One of the financial statements issued by a nonprofit organization which reports expenses according to both function and nature.
Learn more about Nonprofit Accounting.
One of the financial statements issued by a nonprofit organization which reports expenses according to both function and nature.
Learn more about Nonprofit Accounting.
Harold Averkamp (CPA, MBA) has worked as a university accounting instructor, accountant, and consultant for more than 25 years. He is the sole author of all the materials on AccountingCoach.com. Read more about the author.