Why Nonprofits Need to Understand Direct Cost Allocations:
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One of the major differences between for profit and nonprofit accounting is the method used to categorize expenses known as direct cost allocations.

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Time Stamps:

0:25 - Functional Areas for Nonprofits
1:10 - Importance of Functional Expenses
1:28 - Example of Functional Expenses & Direct Cost Allocations
2:43 - Best Practices for Implementing Nonprofit Direct Cost Allocations Plan

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