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Live Webcast Replay

What’s Going on at the FASB

Total Credits: 4 including 4 Accounting - Technical

Average Rating:
Accounting and Auditing |  ACPEN Industry Institute
Melisa F. Galasso
Course Levels:
4 Hour
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 will cover the Accounting Standards Updates (ASUs) issued recently by the FASB as well as those that will be effective soon. The course starts with ASU 2020-05, which delays the effective dates of revenue recognition and leases. We then review the standards effective for 2020 for public entities and private entities to ensure that attendees are aware of what changes are coming to financial statements this year. We will then turn our attention to a more detailed review of ASU 2016-02 and discuss how to implement Topic 842, Leases. We close with a review of standards that are coming down the pike. This course is intended to keep you up to date with what is going on at the FASB and perhaps help you consider whether 2020 is a good opportunity to early adopt some standards that will reduce cost and complexity. 

Basic Course Information

Learning Objectives
  • Describe new ASUs issued by the FASB
  • Identify the key financial reporting changes of the leases standards
  • List standards that will be effective for 2020 calendar year ends
  • Recognize standards that will be effective in the near future

Major Subjects
  • Accounting
  • FASB


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.



Mon, Jan 31, 2022 - 01:00pm to 04:49pm CST
Tue, Feb 01, 2022 - 06:00pm to 09:49pm CST
Fri, Feb 11, 2022 - 01:00pm to 04:49pm CST
Thu, Mar 10, 2022 - 09:00am to 12:49pm CST
Mon, Mar 28, 2022 - 01:00pm to 04:49pm CDT
Thu, Apr 14, 2022 - 09:00am to 12:49pm CDT
Wed, Apr 27, 2022 - 01:00pm to 04:49pm CDT
Fri, May 06, 2022 - 09:00am to 12:49pm CDT
Wed, May 18, 2022 - 01:00pm to 04:49pm CDT

Additional Info

Basic Course Information

Advanced Preparation


Designed For Practitioners and members in industry responsible for accounting and financial reporting
Original Recording Date


Yellow Book


Course Developer

Galasso Learning Solutions

Date Added to Catalog


Prerequisites Prior experience with GAAP    

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:      4.6

Total Reviews: 64


Theresa L

"Melissa is very knowledgeable and knows the content very well."

Mark F

"Melissa Galasso very much enjoys presenting this material and that makes the course that much better."

Robert M

"Good job."

Jeffries M

"Excellent course."

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