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Live Webcast Replay

2025 Not-for-Profit Accounting & Auditing Update

Total Credits: 3 including 1.5 Accounting (Governmental) - Technical, 1.5 Auditing (Governmental) - Technical

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Categories:
ACPEN Industry Institute |  Yellow Book |  Accounting and Auditing
Speaker:
Melisa F. Galasso
Course Levels:
Update
Duration:
3 Hours
Product Type:
Live Webcast Replay
License:
Expires 30 day(s) after program date.
Dates
Please Note: Programs with a ☾ insignia begin after 5pm or air on the weekend.
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Description

This course provides a comprehensive update on the key developments impacting not-for-profit (NFP) accounting and auditing in 2025. While the FASB hasn't recently issued NFP-specific standards, several Accounting Standard Updates (ASUs) will significantly affect nonprofit organizations. We'll review these changes and their implications. We also explore the growing relevance of programmatic investments and their interplay with the Current Expected Credit Losses (CECL) standard, and examine the IFR4NPO initiative, a global project aimed at establishing universal financial reporting standards for nonprofits. On the auditing side, we'll delve into the impact of the new quality management standards, impacting firms that provide attestation services, including compilations and reviews for nonprofits. This session will equip you with the insights needed to navigate these changes and stay compliant.

Basic Course Information

Learning Objectives
  • Identify elements of the proposed IFR4NPO standards
  • Recall the impact of recent standard setting on programmatic investments
  • Recognize the impact of recent ASUs on nonprofit financial reporting
  • Recall the components of quality management in the 2024 Yellow Book

Major Subjects
  • Yellowbook
  • Auditing
  • Accounting

Course Materials

IMPORTANT CPE Credit Instructions Read Before Webcast Updated 2025 (434.2 KB) Available after Purchase

Speaker

Melisa F. Galasso's Profile

Melisa F. Galasso Related Seminars and Products

Founder and CEO

Galasso Learning Solutions LLC

Melisa Galasso is the founder and CEO of Galasso Learning Solutions LLC. A CPA with nearly 20 years of experience in the accounting profession, Melisa designs and facilitates courses in advanced technical acconting and auditing topics, including not-for-profit and governmental accounting. She also supports essential professional development, audit level training, and train the trainer efforts. Melisa is a Certified Professional in Talent Development (CPTD) and has earned the Association for Talent Development Master Trainer™ designation. Her passion for instructional design and adult learning techniques is one of the differentiators that set her apart from other CPE providers. Within the industry, Melisa serves on the FASB’s Not-for-Profit Advisory Committee (NAC), AICPA Council, and the VSCPA’s Board of Directors. She previously served on the AICPA’s Technical Issues Committee (TIC) and is a past-Chair of the NCACPA’s A&A committee. Melisa also authors the AICPA’s State and Local Government Guide and serves as a SME for the Center for Plain English Accounting.

 

Dates

Tue, May 20, 2025 - 02:00pm to 05:00pm CDT
Tue, Jun 03, 2025 - 06:00pm to 09:00pm CDT
Mon, Jun 23, 2025 - 09:00am to 12:00pm CDT
Thu, Jul 10, 2025 - 12:00pm to 03:00pm CDT
Wed, Jul 30, 2025 - 02:00pm to 05:00pm CDT
Wed, Aug 13, 2025 - 04:00pm to 07:00pm CDT
Fri, Aug 29, 2025 - 09:00am to 12:00pm CDT
Tue, Sep 09, 2025 - 12:00pm to 03:00pm CDT
Tue, Sep 30, 2025 - 02:00pm to 05:00pm CDT
Fri, Oct 03, 2025 - 04:00pm to 07:00pm CDT
Fri, Oct 24, 2025 - 09:00am to 12:00pm CDT
Thu, Nov 06, 2025 - 06:00pm to 09:00pm CST
Fri, Nov 21, 2025 - 02:00pm to 05:00pm CST
Tue, Dec 02, 2025 - 04:00pm to 07:00pm CST
Tue, Dec 09, 2025 - 09:00am to 12:00pm CST
Mon, Dec 22, 2025 - 12:00pm to 03:00pm CST
Mon, Jan 12, 2026 - 02:00pm to 05:00pm CST
Fri, Jan 23, 2026 - 04:00pm to 07:00pm CST
Fri, Feb 06, 2026 - 09:00am to 12:00pm CST
Wed, Feb 25, 2026 - 12:00pm to 03:00pm CST
Tue, Mar 10, 2026 - 02:00pm to 05:00pm CDT
Wed, Mar 25, 2026 - 04:00pm to 07:00pm CDT
Mon, Apr 06, 2026 - 09:00am to 12:00pm CDT
Fri, Apr 24, 2026 - 12:00pm to 03:00pm CDT

Additional Info

Basic Course Information

Prerequisites Prior experience with nonprofit accounting and auditing
Advanced Preparation  None
Designed For

Accounting Professionals


Original Recording Date 04/2025
Yellow Book Yes
Course Developer Galasso Learning Solutions
Date Added to Catalog 03/2025

Additional Information

Complaint Resolution Policy

Please contact Anne Taylor for any complaints. anne.taylor@acpen.com, (972-377-8199). 


Official Registry Statement

Business Professionals' Network, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org


Instructional Delivery Method

Group Internet Based


Course Registration Requirements

Online Registration


Refund/Cancellation Policy

Please contact the ACPEN help desk 1-877-602-9877 or help@acpen.com if you wish to cancel your attendance for a previously purchased webcast and are requesting a refund or transfer. 


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