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Live Webcast Replay

Not for Profit GAAP Update

Total Credits: 2.0 including 2 Accounting (Governmental) - Technical

Average Rating:
ACPEN Industry Institute |  Accounting and Auditing
Melisa F. Galasso
Course Levels:
Product Type:
Live Webcast Replay
Access for 30 day(s) after program date.

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

Tag: Accounting


This course does a deep dive into revenue recognition for nonprofit entities. Attendees will be engaged through case studies to determine whether a transaction is a contribution or exchange transaction as well as whether a stipulation is a condition that impacts recognition. The course will also cover some additional guidance FASB has provided on cost sharing as well as whether a requirement to follow a budget represents a condition. We then switch gears and look to standards directly impacting nonprofits including collections, gifts in kind, and goodwill. The course closes with a look at how nonprofits will account for PPP loans and how they can leverage ASU 2018-08 for accounting and financial reporting.

Basic Course Information

Learning Objectives
  • Recognize changes to nonprofit financial reporting

Major Subjects
  • Accounting
  • Non-profit entities


Course Materials


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.



Fri, Dec 03, 2021 - 09:00am to 10:51am CST
Wed, Dec 15, 2021 - 11:00am to 12:51pm CST
Tue, Jan 04, 2022 - 01:00pm to 02:51pm CST
Thu, Jan 20, 2022 - 03:00pm to 04:51pm CST
Thu, Feb 17, 2022 - 09:00am to 10:51am CST
Fri, Feb 25, 2022 - 11:00am to 12:51pm CST
Sat, Mar 05, 2022 - 01:00pm to 02:51pm CST
Thu, Mar 24, 2022 - 06:00pm to 07:51pm CDT
Wed, Apr 06, 2022 - 09:00am to 10:51am CDT
Fri, Apr 29, 2022 - 11:00am to 12:51pm CDT
Wed, May 11, 2022 - 01:00pm to 02:51pm CDT
Thu, May 26, 2022 - 03:00pm to 04:51pm CDT

Additional Info

Basic Course Information

Advanced Preparation


Designed For

Practitioners serving nonprofit organizations

Original Recording Date



Yellow Book


Course Developer Galasso Learning Solutions
Date Added to Catalog



Prior experience with NFP financial reporting



Additional Information

Complaint Resolution Policy

Please contact Anne Taylor for any complaints., (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:

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 if you wish to cancel your attendance for a previously purchased webcast and are requesting a refund or transfer. 



Overall:      4.8

Total Reviews: 11


Steven Newcom S - Fort Worth, Texas

"Melissa was all business. A very professional session. She is a very confident presenter. "

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