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Not-for-Profit Accounting & Auditing Update


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

Average Rating:
   107
Categories:
Accounting and Auditing |  ACPEN Industry Institute |  Yellow Book
Faculty:
Melisa F. Galasso
Course Levels:
Update
Duration:
4 Hour
License:

Dates


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 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.

 


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: 107

Comments

Amy V

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

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!"

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."