Full Cost Accounting

Thursday, June 4th 12:00-3:00 PM MDT

Course Description

Do you wish that your finances clearly told the same story as your programming? Do you have issues capturing ALL of the costs of your programs to know which ones are truly in the black?

Join us for a deep dive into full cost accounting and learn not just WHAT it is, but HOW to set your systems up for success. This is a tried and true approach, as summarized here in Nonprofit Quarterly.

Over one 3-hour session, this workshop will explore how to apply the principles of True Program Costing to your organization’s budget. Learn how to set up your accounting system to show a current representation of programming, revenues, expenses, and total all-in costs for each program, giving yourself a glimpse into true program sustainability.  We will overview the process in detail, from start to finish, giving you all the tools you need to overhaul your financial systems.

Learning Outcomes

• Participants will be able to explain the Full Cost Accounting approach for nonprofits.

• Participants will be able to identify key components of their accounting system that need to be adjusted to accommodate a full cost accounting method.

All session recordings and resources will be available for registered attendees for six months after the event.

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