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Live Webcast Replay

What’s Going on at the FASB

Total Credits: 4 including 4 Accounting - Technical

Average Rating:
Accounting and Auditing |  ACPEN Industry Institute
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.

Tag: Accounting


This course will cover the Accounting Standards Updates (ASUs) issued recently by the FASB as well as those that will be effective soon. The course starts with ASU 2020-05, which delays the effective dates of revenue recognition and leases. We then review the standards effective for 2020 for public entities and private entities to ensure that attendees are aware of what changes are coming to financial statements this year. We will then turn our attention to a more detailed review of ASU 2016-02 and discuss how to implement Topic 842, Leases. We close with a review of standards that are coming down the pike. This course is intended to keep you up to date with what is going on at the FASB and perhaps help you consider whether 2020 is a good opportunity to early adopt some standards that will reduce cost and complexity. 

Basic Course Information

Learning Objectives
  • Describe new ASUs issued by the FASB
  • Identify the key financial reporting changes of the leases standards
  • List standards that will be effective for 2020 calendar year ends
  • Recognize standards that will be effective in the near future

Major Subjects
  • Accounting
  • FASB


Course Materials


Melisa F. Galasso's Profile

Melisa F. Galasso Related seminars and products: 13

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.


Fri, Mar 05, 2021 - 12:00pm to 03:50pm MST
Mon, Mar 15, 2021 - 08:00am to 11:50am MDT
Tue, Apr 13, 2021 - 12:00pm to 03:50pm MDT
Wed, Apr 28, 2021 - 08:00am to 11:50am MDT
Wed, May 12, 2021 - 12:00pm to 03:50pm MDT
Thu, May 20, 2021 - 08:00am to 11:50am MDT
Fri, Jun 04, 2021 - 12:00pm to 03:50pm MDT
Sat, Jun 19, 2021 - 08:00am to 11:50am MDT
Mon, Jul 12, 2021 - 12:00pm to 03:50pm MDT
Tue, Jul 20, 2021 - 08:00am to 11:50am MDT
Wed, Aug 11, 2021 - 12:00pm to 03:50pm MDT
Thu, Aug 19, 2021 - 08:00am to 11:50am MDT
Thu, Sep 02, 2021 - 12:00pm to 03:50pm MDT
Fri, Sep 17, 2021 - 08:00am to 11:50am MDT
Mon, Oct 04, 2021 - 12:00pm to 03:50pm MDT
Tue, Oct 19, 2021 - 08:00am to 11:50am MDT
Wed, Nov 03, 2021 - 12:00pm to 03:50pm MDT
Fri, Nov 12, 2021 - 08:00am to 11:50am MST
Thu, Dec 02, 2021 - 12:00pm to 03:50pm MST
Sat, Dec 18, 2021 - 08:00am to 11:50am MST

Additional Info

Basic Course Information

Advanced Preparation


Designed For

Practitioners and members in industry responsible for accounting and financial reporting

Original Recording Date


Yellow Book


Course Developer

Galasso Learning Solutions

Date Added to Catalog



Prior experience with GAAP



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: 18


Robert M

"Good job."

Jeffries M

"Excellent course."

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