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Live Webcast Replay

Not-for-Profit Accounting Update

Total Credits: 4 including 4 Accounting (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.

Please Note: Programs with a ☾ insignia begin after 5pm or air on the weekend.


This course reviews the latest developments affecting not-for-profit entities.  The course includes a deep dive into Revenue Recognition for Grants & Contracts and its interplay with Topic 606.  It will also provide an overview of what you need to consider in order to implement standards impacting nonprofit entities, including the definition of collections and goodwill amortization for nonprofits. Finally, this course will also cover FASB Accounting Standard Updates that will impact NFPs including reference rate reform, restricted cash, and leases.

Basic Course Information

Learning Objectives
  • Determine if a transaction is a contribution or exchange transaction
  • Identify ASU's impacting NFP entities
  • Define the term  collection
  • Describe lease accounting under Topic 842

Major Subjects
  • Governemental accounting
  • Not-for-profit accounting
  • Topic 606


Course Materials


Melisa F. Galasso's Profile

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.


Wed, Dec 08, 2021 - 12:00pm to 03:49pm MST
Thu, Dec 16, 2021 - 04:00pm to 07:49pm MST
Tue, Jan 04, 2022 - 07:00am to 10:49am MST
Wed, Jan 19, 2022 - 11:00am to 02:49pm MST
Tue, Feb 08, 2022 - 05:00pm to 08:49pm MST
Fri, Feb 18, 2022 - 01:00pm to 04:49pm MST
Fri, Mar 11, 2022 - 07:00am to 10:49am MST
Thu, Mar 31, 2022 - 11:00am to 02:49pm MDT
Mon, Apr 11, 2022 - 09:00am to 12:49pm MDT
Fri, Apr 22, 2022 - 01:00pm to 04:49pm MDT

Additional Info

Basic Course Information

Advanced Preparation


Designed For

Professionals in the accounting industry.

Original Recording Date


Yellow Book


Course Developer

Galasso Learning Solutions

Date Added to Catalog



Prior Experience with NFP financial reporting



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:      4.6

Total Reviews: 77


Ryan B

"Very informative and easy to follow"

Gary N

"Excellent presentation, I really like Melisa's presentations. Very informative, great delivery."

Paul S

" "

Lawrence W

"Great seminar and Melisa did a great job presenting the material."

Adam K

"Thank you again!"

Rose Q

"Excellent examples!"

Ronald S

" "

Melissa D - La Plata, Maryland

"I think Melissa was one of the best instructors that I have ever taken. She took complicated topics and made them understandable. I will ABSOLUTELY be looking for more of her courses in the future."

Kathleen P - Lansing, Michigan

"Speaker was excellent!"

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