Do you work for or with governmental entities? This channel will keep you up to date with all things governmental accounting and auditing. We’ll focus on the projects of the GASB, GAO and OMB so you know what is changing for governmental entities.
https://youtu.be/rLJgJrZF9xA This blog addresses a new exposure draft issued by GASB relating to accounting and financial reporting for subscription-based information technology arrangements (SBITAs). Cloud computing arrangements and other hosting type services have...
https://youtu.be/cDshpHtgIKA Our quarterly blog addresses the standards issued during the prior quarter. The first quarter of 2019 was pretty light. The first three ASUs of 2019 weren’t issued by the FASB until March. Addressing niche topics like the definition of...
https://youtu.be/T5bUHvFj6cQ GASB has issued a Proposed Implementation Guide for Leases. The 49 pages include 80 new questions and 3 illustrations. GASB 87 is effective for reporting periods beginning after December 15, 2019. The standard will bring significant...
The AICPA is re-proposing changes to the independence standards for governmental entities. As a follow up to their 2017 proposal, PEEC is proposing modifications to their original drafts. Comments are due March 11, 2019.
This blog addresses the proposed Implementation Guide issued by Governmental Accounting Standards Board that contains questions and answers about GASB 84 on fiduciary activities. The guide includes 53 new questions and updated 5 existing clients. Comments are due by February 28, 2019.
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.
