Are you interested in what’s going on at the FASB and GASB? Then this section of the blog is for you. We’ll look at the active projects of these financial reporting standard setters and maybe a few other interesting topics that are important for CPAs!
Explore FASB’s post-implementation review of the Leases (Topic 842) standard with Melisa Galasso in this Genuine Learning Blog episode. Get insights on the impact, benefits, and ongoing costs of lease accounting changes for public and private entities, and discover lessons learned to improve future standard setting.
Dive into the latest updates from the AICPA with Galasso Learning Solutions! In this episode, Alex Romero breaks down the recent revisions to the Professional Code of Ethics, focusing on how terminology changes will align the standards with modern quality management practices. Learn what’s new, what’s staying the same, and how these updates impact your firm’s compliance—just in time for the December 15, 2025 deadline. Perfect for CPAs and audit professionals seeking clear, actionable insights on quality management and ethics.
Stay ahead of the curve with insights on NASBA’s proposed CPE standards revisions. Frank Galasso from Galasso Learning Solutions breaks down key changes, what they mean for CPAs and CPE providers, and how to prepare for the future of continuing professional education. Discover how updated principles, flexible credit increments, and new engagement requirements are shaping quality CPE.
Stay up to date with GLS! In this episode, Jaclyn Veno breaks down the latest FASB exposure draft on paid-in-kind dividends for equity-classified preferred stock. Learn what paid-in-kind dividends are, why this new guidance is important, key details from the proposed amendment, and how the changes could impact your accounting practices. Perfect for CPAs seeking practical insights and timely updates on current FASB developments.
Get the latest updates from the 2025 AICPA Fall Council meeting in Denver, Colorado. Alex Romero shares key takeaways and highlights from two days of industry discussions and future-focused initiatives, including insights from Mark Koziel’s “Rise to the Future Together” presentation on the profession’s future, overview of the Alliance for Responsible Licensing panel and multi-industry perspectives on licensure and deregulation, highlights from guest speaker Bill Stainton on connecting opportunities and career growth, updates on the Rise 2040 initiative and worldwide facilitation sessions, state and federal advocacy updates, workforce development trends, and new licensing pathways for CPAs.
FOR NONPROFITS
Money Matters for Nonprofits demystifies financial statements and basic accounting, empowering nonprofit board members to better advise their organizations and make an even greater difference in the world.
Melisa F. 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 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 Speaking Professional, 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), AICPA Council, and the AICPA’s Women’s Initiative Executive Committee (WIEC). She also serves as a Subject Matter Expert for the Center for Plain English Accounting. She previously served on the AICPA’s Technical Issues Committee (TIC), the VSCPA’s Board of Directors, and is a past Chair of the NCACPA’s A&A committee. In addition, Melisa is the author of Money Matters for Nonprofits: How Board Members Can Harness the Power of Financial Statements by Understanding Basic Accounting which is available on Amazon or anywhere you purchase books online.
Melisa received a Top 50 Women in Accounting Award in 2021 by Ignition, is a 2020 Enterprising Women of the Year Award recipient, and was honored as a “40 under 40” by CPA Practice Advisor in 2017, 2018, and 2019. 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.
