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.
Accounting standards recently issued by the Government Accounting Standards Board (GASB). Yellowbook. Auditing.
Prior experience with financial reporting and auditing of governmental and nonprofit entities.
Practitioners and members in industry responsible for accounting and financial reporting for nonprofit and governmental entities.
Identify changes to governmental accounting. List the indicators of a barrier. Determine if a transaction is a contribution or exchange transaction. Describe changes to Yellow Book.
4.52 stars out of 5
Melisa 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.
Get real-time A&A updates and answers from Melisa Galasso via the WSCPA’s A&A Today videos on YouTube!
Non-Member Price $159.00
Member Price $129.00