Annual Update for Governments and Not-for-Profits



Annual Update for Governments and Not-for-Profits

Salepage : Annual Update for Governments and Not-for-Profits

Archive : Annual Update for Governments and Not-for-Profits

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This course reviews accounting standards recently issued by the Government Accounting Standards Board (GASB) as well as those that will be effective in the near future. We then switch gears and discuss ASUs directly impacting nonprofit entities including revenue recognition, amortization of goodwill, and the definition of a collection. Finally, we close with a high-level overview of the changes to Yellow Book.

Basic Course Information

Learning Objectives

  • 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

 Major Subjects

  • Accounting standards recently issued by the Government Accounting Standards Board (GASB).
  • Yellowbook
  • Auditing

 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.



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Annual Update for Governments and Not-for-Profits

$129.00 $25.00