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Webcast Replay

Annual Update for Governments and Not-for-Profits


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

Categories:
Technical
Speaker:
Melisa F. Galasso
Course Levels:
Update
Duration:
4.2 Hour
Format:
Audio and Video
License:

Dates


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

Handouts

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.

 


Additional Info

Basic Course Information

Original Recording Date

06/07/2021


Date Added to Catalog

06/07/2021