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Don’t miss out on the opportunity to elevate your professional journey. Subscribe to The Genuine Learning Newsletter today and take a step towards staying informed, inspired, at the forefront of the accounting industry. Packaged with essential updates, insightful industry analyses, our exclusive video blogs, and a wealth of resources, our newsletter is your go-to source for staying ahead in the ever-evolving field of accounting and auditing.

April 2024 Newsletter

April 2024 Newsletter

April saw limited activity from standard setters. The FASB made appointments to committees, including the Investor Advisory Committee and the Small Business Advisory Committee. Additionally, the Emerging Issues Task Force (EITF) welcomed new members. The FASB’s Private Company Council (PCC) discussed potential research areas, such as debt modifications and lease accounting simplifications. GASB planned to review a draft of the final post-implementation review report for Statements No. 67 and No. 68 on May 6. Overall, April was marked by committee appointments and preliminary discussions on accounting topics.

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March 2024 Newsletter

March 2024 Newsletter

March brought significant updates to the accounting world. The FASB issued ASU 2024-01 and ASU 2024-02, Jackson M. Day was appointed FASB’s Technical Director, the 2024 ACFE Report to the Nations was released and the SEC adopted a rule for climate-related disclosures. Read more in our March 2024 newsletter.

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February 2024 Newsletter

February 2024 Newsletter

February 2024 was a quiet month, with no new standards but insightful meetings. The FASB delved into hedge accounting improvements on February 7, addressing feedback on proposed amendments. Discussions included identifying risk components in cash flow hedges and hedging variable risk components. On February 28, the FASB discussed profit interest awards and began redeliberation on the Purchased Financial Assets Project. The GASB remained relatively inactive, with upcoming discussions in March. The AICPA’s PEEC focused on various hot topics, aiming for convergence with the IESBA.

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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.