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Live Webcast Replay

2024 Not-for-Profit Accounting Update


Total Credits: 4 including 4 Accounting (Governmental) - Technical

Average Rating:
   26
Categories:
ACPEN Industry Institute |  Accounting and Auditing |  Yellow Book
Faculty:
Melisa F. Galasso
Course Levels:
Update
Duration:
4 Hours
License:
Product Setting: Expires 30 day(s) after program date.

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


Description

The Not-for-Profit Advisory Committee (NAC) has been meeting with FASB to discuss the impact of various standards on the nonprofit community. In this course, we will explore the work of the NAC and the impact they've had. We then transition to the Accounting Standards Updates (ASUs) issued by the FASB that are impacting nonprofit entities, including a review of year 2 issues with respect to the leases standard including modification accounting. We will close with a look at common deficiencies found in nonprofit financials.

Basic Course Information

Learning Objectives
  • Recall the impact of ASUs on nonprofit organizations 
  • Recall the activities of the nonprofit advisory committee 
  • Identify the financial reporting impact of modification of lease contracts
  • Identify common deficiencies in nonprofit accounting

Major Subjects
  • NAC
  • CECL
  • Leases

Course Materials

Faculty

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.

 


Dates

Sat, Dec 21, 2024 - 04:00pm to 07:39pm EST
Wed, Jan 08, 2025 - 10:00am to 01:39pm EST
Sat, Jan 25, 2025 - 12:00pm to 03:39pm EST
Tue, Feb 04, 2025 - 02:00pm to 05:39pm EST
Mon, Feb 17, 2025 - 04:00pm to 07:39pm EST
Fri, Mar 14, 2025 - 10:00am to 01:39pm EDT
Tue, Mar 25, 2025 - 12:00pm to 03:39pm EDT
Sat, Apr 12, 2025 - 02:00pm to 05:39pm EDT
Tue, Apr 29, 2025 - 06:00pm to 09:39pm EDT

Additional Info

Basic Course Information

Prerequisites Prior experience with nonprofit GAAP  
Advanced Preparation None
Designed For Accounting professionals
Original Recording Date 05/01/2024
Course Developer Galasso Learning Solutions LLC
Date Added to Catalog 1/22/2024
Yellow Book Yes

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:      4.9

Total Reviews: 26

Comments

Michael K

"Very Informative"

Dwayne M

"Very thorough and well presented."