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Live Webcast Replay

Not-for-Profit Accounting & Auditing Update


Total Credits: 4 including 2 Accounting (Governmental) - Technical, 2 Auditing (Governmental) - Technical

Average Rating:
   4.7
Category:
Accounting and Auditing |  ACPEN Industry Institute |  Yellow Book
Faculty:
Melisa F. Galasso
Course Levels:
Update
Duration:
4 Hour
License:
Access for 30 day(s) after program date.

Dates
Please Note: Programs with a ☾ insignia begin after 5pm or air on the weekend.



Description

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 the new auditor’s report effective in December 2021. We close with a review of Yellow Book alerts regarding COVID19 and the impact of fraud on risk assessment. This course provides an overview of the key items impacting nonprofit entities.

Key Topics:

• New Auditors Report

• Government Stimulus Accounting

• Yellow Book Alerts

 

Learning Objectives:

• Describe the indicators of a barrier

• Prepare a properly formatted auditors report under

SAS 134

• Identify ASUs impacting NFP Entities

• Recall how COVID19 impacts the risk assessment

under Yellow Book

Basic Course Information

Learning Objectives
  • 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

Major Subjects
  • Not-for-profit accounting
  • Not-for-profit auditing 
  • SAS 134

 


Course Materials

Faculty

Melisa F. Galasso's Profile

Melisa F. Galasso Related seminars and products

Founder and CEO

Galasso Learning Solutions LLC


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.

 

Prior to establishing Galasso Learning Solutions, Melisa worked in public accounting, industry, internal audit, and academia.  She received a Bachelor of Science in Business Administration with a concentration in Accounting and International Business from Georgetown University.  On a personal level, Melisa enjoys traveling, watching her daughter ride her horse, and spending quality time with family. She finds balance through yoga, is an avid reader, and frequents local performing arts shows. Melisa actively supports several causes that empower women.


Dates

Sat, Jul 31, 2021 - 02:00pm to 05:48pm EDT
Mon, Aug 09, 2021 - 10:00am to 01:48pm EDT
Tue, Aug 24, 2021 - 02:00pm to 05:48pm EDT
Wed, Sep 01, 2021 - 10:00am to 01:48pm EDT
Thu, Sep 16, 2021 - 02:00pm to 05:48pm EDT
Fri, Oct 08, 2021 - 10:00am to 01:48pm EDT
Sat, Oct 23, 2021 - 02:00pm to 05:48pm EDT
Mon, Nov 01, 2021 - 10:00am to 01:48pm EDT
Tue, Nov 16, 2021 - 02:00pm to 05:48pm EST
Wed, Dec 08, 2021 - 10:00am to 01:48pm EST
Thu, Dec 16, 2021 - 02:00pm to 05:48pm EST

Additional Info

Basic Course Information

Advanced Preparation

None


Designed For

Professionals in the accounting industry.


Original Recording Date

5/15/21


Yellow Book

Yes


Course Developer

Galasso Learning Solutions


Date Added to Catalog

5/22/20


Prerequisites

Prior Experience with NFP financial reporting or auditing

 

 


Additional Information

Complaint Resolution Policy

Please contact Anne Taylor for any complaints. anne.taylor@acpen.com, (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: www.nasbaregistry.org


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 help@acpen.com if you wish to cancel your attendance for a previously purchased webcast and are requesting a refund or transfer. 


Reviews

5
4
3
2
1

Overall:      4.7

Total Reviews: 83

Comments

Mary A

" "

Jose G

"GOOD JOB"

Michael S

"Melisa did a great job on this representation."

Diane H

"Great presentation - knowledgeable and easy to understand - very thorough"

Gwen C

"When using mulitple monitors, I kept losing audio and had to restart my computer to get it back. Finally decided to leave the presentation on my small screen, but would've like to move it to a larger monitor."

Jose G

"Very Informative!"

Amy V

"I really appreciated her as an instructor and will likely look for her classes again! Very well informed, easy to listen to."

Kathy D - Portland, Michigan

"I enjoyed the class and Melisa's expertise. "

Jason K

" "

Connie S - SHREVEPORT, Louisiana

"Melisa did an excellent job of presenting this material - appreciated the update on the COVID effective date deferrals."

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