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Live Webcast Replay

Not-for-Profit GAAP Update

Total Credits: 2 including 2 Accounting (Governmental) - Technical

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



This course covers FASB Accounting Standard Updates (ASUs) that impact not-for-profit entities. It includes a deep dive into the new disclosure requirements for contributed nonfinancial assets in ASU 2020-07. We also review the impact of COVID19 on accounting for various federal funding in response to the global pandemic.

Basic Course Information

Learning Objectives
  • Identify ASUs impacting NFP entities
  • Recall the disclosure requirements for contributed nonfinancial assets

Major Subjects
  • COVID-19
  • Gifts in Kind

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 - 10:00am to 11:50am MDT
Mon, Apr 03, 2023 - 12:30pm to 02:20pm MDT
Tue, Apr 04, 2023 - 08:00am to 09:50am MDT
Mon, Apr 24, 2023 - 10:00am to 11:50am MDT

Additional Info

Basic Course Information


Prior experience with NFP financial reporting

Advanced Preparation


Designed For

Ideal for practitioners serving nonprofit organizations

Original Recording Date


Course Developer
Galasso Learning Solutions LLC

Date Added to Catalog


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: 38


Deborah P - Baton Rouge, Louisiana

"She did a great job presenting the materials."

Deborah G

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