Webcast: Not-for-Profit Accounting and Auditing Update
130 | Webcast | Update | Scheduled
Not-For-Profit entities are challenged with many unique accounting issues. This course reviews ASUs directly or indirectly impacting nonprofit entities and it features a deep dive into ASU 2018-08 and its impact on revenue recognition for grants and other contracts including application for Paycheck Protection Program (PPP). As we turn from accounting to auditing, we will look at recent changes in auditing and attestation standards that will impact NFPs. We also examine the latest developments in OMB and Yellow Book requirements including GAGAS alerts regarding COVID19 so that you are aware of the latest standards impacting your NFP related practice.
|Number of Credits||Type of Credits|
Practitioners and members in industry responsible for accounting and financial reporting for nonprofit entities
Prior experience with NFP financial reporting and auditing
- Describe the indicators of a barrier Prepare a properly formatted auditors report under SAS 134
- Identify ASUs impacting NFP Entities
- List changes to Yellow Book
- Member (Early Bird)
- Non-Member (Early Bird)
Melisa F. Galasso, CPA
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 Women's Initiative Executive Committee (WIEC) and the VSCPA’s Board of Directors. She has held previous positions on the AICPA’s Technical Issues Committee (TIC) and the NCACPA's A&A committee.
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, 2018 and 2019. 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. She received a Bachelor of Science in Business Administration with a concentration in Accounting and International Business from Georgetown University.Back to Instructors