Not-for-Profit Accounting & Auditing Update



Not-for-Profit Accounting & Auditing Update

Salepage : Not-for-Profit Accounting & Auditing Update

Archive : Not-for-Profit Accounting & Auditing Update

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Not-For-Profit entities and their auditors are challenged with many unique accounting issues. This course features a deep dive into ASU 2018-08 and its impact on revenue recognition for grants and other contracts. We also review other ASUs that directly or indirectly impact nonprofit entities.  As we turn from accounting to auditing, we will look at recent changes in auditing and attestation standards that will impact NFPs and examine the latest developments in OMB and Yellow Book requirements.

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

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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Not-for-Profit Accounting & Auditing Update

$129.00 $25.00