Not-for- Profit Accounting Update WEBCAST

Friday, October 1 7:30am - 11:30am PDT

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4.0 Credits

Member Price $158.00

Non-Member Price $183.00


This course covers FASB Accounting Standard Updates (ASUs) that will impact NFPs. It includes a deep dive into Revenue Recognition for Grants & Contracts and its interplay with Topic 606. Attendees will also gain an understanding of what must be considered in order to implement standards impacting nonprofit entities including leases, the definition of collection, goodwill amortization for nonprofits, and gifts in kind. We close with a look at the potential impact of COVID19 on reporting for nonprofit entities.


FASB accounting standard updates, grants, contracts, revenue recognition.


Prior experience with NFP financial reporting.

Designed For

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


Determine if a transaction is a contribution or exchange transaction. Identify ASUs impacting NFP entities. Define the term collection. Describe lease accounting under Topic 842.







Melisa Galasso

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.

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Non-Member Price $183.00

Member Price $158.00