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2024 Annual Update for Governments and Not-for-Profits

Tuesday, December 3
 9:00am - 5:00pm

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8.00 Credits

Member Price $239.00

Non-Member Price $364.00

Overview

We kick off this course with a look at the GASB standards that are effective this year including GASB 100, Accounting Changes and Error Corrections and GASB 101, Compensated Absences. We then move to the NFP side of the house with a look at the Accounting Standard Updates issued by the FASB that impacts nonprofit entities. Following that, we review the work of the Not-for-Profit Advisory Committee (NAC) and the projects they advise the FASB on. After the break, we will conduct a deeper dive into Yellow Book and Single Audit engagements. The course closes with a look at the significant changes in the 2024 Compliance Supplement, the changes to the Uniform Guidance and the common deficiencies identified by the federal agencies and peer reviewers. This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.

Objectives

After attending this presentation, you will be able to...

  • Recall changes to nonprofit and governmental accounting standards.
  • Identify key issues in governmental auditing.

Highlights

The major topics that will be covered in this course include:

  • New GASB standards
    • GASB 100, Accounting Changes and Error Corrections
    • GASB 101, Compensated Absences.
  • Accounting Standard Updates issued by the FASB
  • Not-for-Profit Advisory Committee (NAC) and the projects they advise the FASB on.
  • Yellow Book and Single Audit engagements.
  • Changes in the 2024 Compliance Supplement
  • Changes to the Uniform Guidance
  • Common deficiencies identified by the federal agencies and peer reviewers.

Designed For

Practitioners and members in industry responsible for accounting & financial reporting for nonprofit or governmental entities.

Prerequisites

Prior experience with GAGAS, Uniform Guidance and governmental and nonprofit accounting

Preparation

None

Notice

You will receive an email from CPA Crossings via Webex with instructions to access the webinar.

Leader(s):

Leader Bios

Melisa Galasso, Founder and CEO, Galasso Learning Solutions LLC

Melisa 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. 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. Within the industry, Melisa serves on the FASB’s Not-for-Profit Advisory Committee (NAC), AICPA Council, and the VSCPA’s Board of Directors. She previously served on the AICPA’s Technical Issues Committee (TIC) and is a past-Chair of the NCACPA’s A&A committee. Melisa also authors the AICPA’s State and Local Government Guide and serves as a SME for the Center for Plain English Accounting.

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Non-Member Price $364.00

Member Price $239.00