Not-for-Profit Accounting & Auditing Update
Total Credits: 4 including 2 Accounting (Governmental) - Technical, 2 Auditing (Governmental) - Technical
- Average Rating:
- 64
- Categories:
- Accounting and Auditing | ACPEN Industry Institute | Yellow Book
- Faculty:
- Melisa F. Galasso
- Course Levels:
- Update
- Duration:
- 4 Hour
- License:
Description
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
| Important CPE Credit Instructions_READ BEFORE WEBCAST UPDATED (487.5 KB) | Available after Purchase | ||
| Not-for-Profit Accounting & Auditing Update Handout (6.5 MB) | Available after Purchase | ||
Faculty
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.
Additional Info
Basic Course Information
Advanced PreparationNone
Designed For
Ideal for practitioners and members in industry responsible for accounting and financial reporting for nonprofit entities
Original Recording Date
05/01/22
Yellow Book
Yes
Course Developer
Galasso Learning Solutions
Date Added to Catalog
02/14/2022
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.
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