Not-for-Profit Accounting & Auditing Update
Total Credits: 4 including 2 Accounting (Governmental) - Technical, 2 Auditing (Governmental) - Technical
- Average Rating:
- 4.7
- Category:
- Accounting and Auditing | ACPEN Industry Institute | Yellow Book
- Faculty:
- Melisa F. Galasso
- Course Levels:
- Update
- Duration:
- 4 Hour
- License:
- Access for 30 day(s) after program date.
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
| Important CPE Credit Instructions_READ BEFORE WEBCAST UPDATED (487.5 KB) | Available after Purchase | ||
| Handout (3.1 MB) | Available after Purchase | ||
| Not-for-Profit Accounting & Auditing Update_Q&A (12.9 KB) | Available after Purchase |
Faculty
Melisa F. Galasso Related seminars and products
Founder and CEO
Galasso Learning Solutions LLC
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.
Dates
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Wed, Dec 08, 2021 - 08:00am to 11:48am MST
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Thu, Dec 16, 2021 - 12:00pm to 03:48pm MST
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Tue, Jan 04, 2022 - 11:00am to 02:48pm MST
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Wed, Jan 19, 2022 - 09:00am to 12:48pm MST
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Tue, Feb 08, 2022 - 01:00pm to 04:48pm MST
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Fri, Feb 18, 2022 - 07:00am to 10:48am MST
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Fri, Mar 11, 2022 - 11:00am to 02:48pm MST
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Thu, Mar 31, 2022 - 05:00pm to 08:48pm MDT
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Mon, Apr 11, 2022 - 01:00pm to 04:48pm MDT
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Fri, Apr 22, 2022 - 07:00am to 10:48am MDT
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Additional Info
Basic Course Information
Advanced PreparationNone
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 PolicyPlease 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
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Overall: 4.7
Total Reviews: 92
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