Governmental and Not-for-Profit Annual Update

Overview

Change is inevitable and at times overwhelming if you are unprepared.

Ensure you are current in governmental and not-for-profit accounting and auditing. This update course is designed to prepare you for the latest accounting and auditing developments affecting governments and not-for-profits and give you the tools and knowledge to implement the new standards.

Highlights

GASB update

Not-for-profit accounting update

Revenue recognition in not-for-profits

FASB's lease standard - FASB update

Auditor's report and conforming changes

Auditing Standards Board update

SSARS and SSAE update

Governmental auditing update

Prerequisites

Basic knowledge and experience in governmental and not-for-profit accounting and auditing

Designed For

accountants and finance professionals Working with governments and notforprofits

Objectives

Apply the most recent requirements of GASB and FASB directed toward governments and not-for-profits.
Recall key points related to the latest developments in OMB and Yellow Book requirements.
Identify recent activities of the AICPA and how they affect the auditor's report.

Credits

Level

Code

Vendor

Fields of Study

Leader(s):

Melisa Galasso, Galasso Learning Solutions

Leader Bios

Melisa Galasso, Galasso Learning Solutions

Melisa Galasso, CPA 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 accounting 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 Speaking Professional (CSP), 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) and AICPA Council. She previously served on the AICPA’s Technical Issues Committee (TIC), the VSCPA’s Board of Directors and is a past-Chair of the NCACPA’s A&A committee. Melisa also authors the Money Matters for Nonprofits and serves as a SME for the Center for Plain English Accounting.

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