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Live Webcast Replay

Not-for-Profit Accounting & Auditing Update

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

Average Rating:
Accounting and Auditing |  ACPEN Industry Institute |  Yellow Book
Melisa F. Galasso
Course Levels:
4 Hour
Access for 30 day(s) after program date.



This course covers FASB Accounting Standard Updates (ASUs) that impact NFPs. It includes a deep dive into the new disclosure requirements for contributed nonfinancial assets in ASU 2020-07. We also review the impact of COVID-19 on accounting for various federal funding in response to the global pandemic. Then we will turn our attention to the audit side of the house and focus on changes to the auditor's report. The course closes with a look at the new compliance supplement and changes to the Uniform Guidance.

Basic Course Information

Learning Objectives
  • Recall the disclosure requirements for contributed nonfinancial assets
  • Describe changes to the Uniform Guidance
  • Recall changes to the auditor's report
  • Identify the impact of COVID-19 on financial reporting

Major Subjects
  • COVID-19
  • Gifts in Kind
  • Auditor Reporting
  • Uniform Guidance


Course Materials


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.



Mon, Apr 03, 2023 - 12:30pm to 04:18pm MDT
Wed, Apr 05, 2023 - 08:00am to 11:48am MDT
Wed, Apr 05, 2023 - 10:00am to 01:48pm MDT
Wed, Apr 26, 2023 - 10:00am to 01:48pm MDT

Additional Info

Basic Course Information

Advanced Preparation


Designed For

Ideal for practitioners and members in industry responsible for accounting and financial reporting for nonprofit entities

Original Recording Date


Yellow Book


Course Developer

Galasso Learning Solutions

Date Added to Catalog



Prior Experience with NFP financial reporting or auditing



Additional Information

Complaint Resolution Policy

Please contact Anne Taylor for any complaints., (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:

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 if you wish to cancel your attendance for a previously purchased webcast and are requesting a refund or transfer. 



Overall:      4.7

Total Reviews: 60


Steven M

"Presenter was very knowledgeable."

Adrienne S

" "

Ben G - El Paso, Texas

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