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Live Webcast Replay

Annual Update for Governments and Not-for-Profits


Total Credits: 4.2 including 3 Accounting (Governmental) - Technical, 1.2 Auditing (Governmental) - Technical

Average Rating:
   4.5
Category:
Accounting and Auditing |  ACPEN Industry Institute
Faculty:
Melisa F. Galasso
Course Levels:
Update
Duration:
4.2 Hour
Product Type:
Live Webcast Replay
License:
Access for 30 day(s) after program date.

Dates
Please Note: Programs with a ☾ insignia begin after 5pm or air on the weekend.



Description

This course reviews the accounting standards issued by the Government Accounting Standards Board (GASB) that will be effective this year. We then switch gears and discuss ASUs directly impacting nonprofit entities including revenue recognition, the definition of a collection, and gifts in kind. We’ll also review the impact of COVID on financial reporting. Finally, we close with a high-level overview of the Yellow Book addressing COVID19 risks. If you are involved in financial reporting for NFPs or government entities, this course provides a great overview of the key standards most relevant to your work.


Key Topics:
Effective GASB standards
Nonprofit GAAP Update
COVID19 accounting & auditing


Learning Objectives:
• Recall risks identified by GAO related to COVID19
• Recognize changes to nonprofit accounting
standards
• Identify changes to governmental accounting

Basic Course Information

Learning Objectives
  • Identify changes to governmental accounting
  • List the indicators of a barrier
  • Determine if a transaction is a contribution or exchange transaction
  • Describe changes to Yellow Book

 


Major Subjects
  • Accounting standards recently issued by the Government Accounting Standards Board (GASB).
  • Yellowbook
  • Auditing

 


Course Materials

Faculty

Melisa F. Galasso's Profile

Melisa F. Galasso Related seminars and products

Founder and CEO

Galasso Learning Solutions LLC


Melisa F. Galasso is the founder and CEO of Galasso Learning Solutions LLC. A CPA with over 15 years of experience in the accounting profession, Melisa designs and facilitates courses in advanced technical accounting and auditing topics, including not for profit and governmental accounting. Her passion is providing high-quality CPE that is meaningful, creates efficiencies and improves quality, and positively impacts ROI. 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. She also serves on the FASB’s Not-for-Profit Advisory Committee (NAC), the AICPA’s Technical Issues Committee (TIC), has had leadership roles on various A&A committees, and serves on the VSCPA’s Board of Directors. Melisa is a 2020 Enterprising Women of the Year Award recipient and was honored as a “40 under 40” by CPA Practice Advisor in 2017 and 2018. She was also named the 2019 Rising Star by her regional NAWBO chapter, received the Don Farmer award for achievement in technical content instruction, and earned several other awards for public speaking and technical training.

 

Prior to establishing Galasso Learning Solutions, Melisa worked in public accounting, industry, internal audit, and academia.  She received a Bachelor of Science in Business Administration with a concentration in Accounting and International Business from Georgetown University.  On a personal level, Melisa enjoys traveling, watching her daughter ride her horse, and spending quality time with family. She finds balance through yoga, is an avid reader, and frequents local performing arts shows. Melisa actively supports several causes that empower women.


Dates

Thu, Dec 09, 2021 - 09:00am to 12:54pm CST
Mon, Dec 20, 2021 - 01:00pm to 04:54pm CST
Tue, Jan 04, 2022 - 10:00am to 01:54pm CST
Wed, Jan 19, 2022 - 02:00pm to 05:54pm CST
Tue, Feb 08, 2022 - 08:00am to 11:54am CST
Fri, Feb 18, 2022 - 12:00pm to 03:54pm CST
Fri, Mar 11, 2022 - 10:00am to 01:54pm CST
Thu, Mar 31, 2022 - 06:00pm to 09:54pm CDT
Mon, Apr 11, 2022 - 08:00am to 11:54am CDT
Fri, Apr 22, 2022 - 12:00pm to 03:54pm CDT

Additional Info

Basic Course Information

Advanced Preparation

None


Designed For

Practitioners and members in industry responsible for accounting and financial reporting for nonprofit and governmental entities.


Original Recording Date

06/07/2021


Yellow Book

Yes


Course Developer

Galasso Learning Solutions


Date Added to Catalog

06/07/2021


Prerequisites

Prior experience with financial reporting and auditing of governmental and nonprofit entities.

 

 


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. 


Reviews

5
4
3
2
1

Overall:      4.5

Total Reviews: 68

Comments

Daniel P - Coral Gables, Florida

"Good Presentation"

Laurie J

"Melissa Galasso presentation was so easy to understand. Awesome presenter!"

Laura Z

"Great course. Thank you."

Carol D

"Very knowledgeable!"

Smith V

"The presenter breathed life into some areas I found dull. "

Susan T

"Very good, informative class."

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