CPE Webcasts

On Demand

Join Newsletter

CPE Webcasts

On Demand

Join Newsletter

Contact Us
Today's Date July 19, 2025
Accounting

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!

Subscribe to Newsletter

If you are looking for more great content, consider our Webcast offerings for CPE credit.

galasso learning solutions logo
GASB Preliminary Views: Revenue and Expense Recognition

GASB Preliminary Views: Revenue and Expense Recognition

Jul 16, 2020

GASB has issued a preliminary views document which is their second phase in updating revenue and expense guidance. Building on the ITC issued in 2018, the PV continues to develop the model for categorization, recognition, and measurement. In lieu of the 3 methods proposed in the ITC, GASB has developed a Category A / Category B. For those familiar with the FASB guidance in Topic 606, the introduction of performance obligations for Category A should feel somewhat similar. Due to the scope of the project, COVID19 and upcoming fiscal year ends for many governments, comments are not due until February 2021.

read more
Recognition of Elements of Financial Statements

Recognition of Elements of Financial Statements

Jul 9, 2020

GASB has proposed major changes to the concept statements for recognition. The proposal further develops the concept of the short term financial resources measurement focus. It makes changes to these concepts from the prior preliminary views document. Comments are due February 26, 2021.

read more
Q2 2020 in Review

Q2 2020 in Review

Jul 2, 2020

This week we review the standards issued and proposed in the second quarter of 2020 for GASB, FASB, and the AICPA. While it was a slower quarter, GASB did manage to finalize quite a few final standards while also issuing exposure drafts for the conceptual framework and a preliminary views document on revenue and expenses. FASB focused solely on COVID19. The AICPA addressed COVID19, as well, while also issuing the final standard in their reporting suite and four TQAs.

read more
AICPA Issued Technical Q&A for CARES Act Accounting

AICPA Issued Technical Q&A for CARES Act Accounting

Jun 18, 2020

The AICPA has issued a Technical Q&A to provide guidance on how nongovernmental entities should account for monies received under the CARES Act. The Q&A addresses questions related to how to account for the forgiveable portion of the PPP loans. GASB has issued a separate exposure draft addressing accounting for governmental entities.

read more
GASB Proposes Application Guidance on CARES Act

GASB Proposes Application Guidance on CARES Act

Jun 11, 2020

GASB has issued an exposure draft, Accounting and Financial Reporting Issues Related to the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) of 2020 and Coronavirus Diseases, to address questions relating to the proper accounting for CARES Act funding including PPP. The Q&A addresses questions about whether this would be treated as an extraordinary or special item, as operating or nonoperating revenue and when does a forgivable loan become revenue. Comments are due June 25th.

read more

Browse by Category

Accounting

Auditing

Ethics

Genuine Learning

Government

Newsletter

Non-Profit

Podcast

Publications

MONEY MATTERS

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.

Read Melisa's Newest Book

Connect With Us

Contact Us
Join Newsletter
galasso learning solutions logo

Disrupting the CPE industry by providing high quality, engaging, and up-to-date content that does more than check boxes, but provides a meaningful learning experience for CPAs.

About Us

Services

Who We Serve

Terms & Conditions | NASBA Policies

 

© 2025 Galasso Learning Solutions - All rights reserved
Have a Question?
Jaclyn Veno CPA | Auditing Level Training | CPE

Melisa Galasso, CPA, CSP, CPTD

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.