2025 Not-for-Profit Accounting & Auditing Update
Total Credits: 3 including 1.5 Accounting (Governmental) - Technical, 3 Auditing (Governmental) - Technical, 1.5 Auditing (Governmental) - Technical
- Average Rating:
- Not yet rated
- Categories:
- ACPEN Industry Institute | Yellow Book | Accounting and Auditing
- Faculty:
- Melisa F. Galasso
- Course Levels:
- Update
- Duration:
- 3 Hours
- License:
- Product Setting: Expires 30 day(s) after program date.
Description
This course provides a comprehensive update on the key developments impacting not-for-profit (NFP) accounting and auditing in 2025. While the FASB hasn't recently issued NFP-specific standards, several Accounting Standard Updates (ASUs) will significantly affect nonprofit organizations. We'll review these changes and their implications. We also explore the growing relevance of programmatic investments and their interplay with the Current Expected Credit Losses (CECL) standard, and examine the IFR4NPO initiative, a global project aimed at establishing universal financial reporting standards for nonprofits. On the auditing side, we'll delve into the impact of the new quality management standards, impacting firms that provide attestation services, including compilations and reviews for nonprofits. This session will equip you with the insights needed to navigate these changes and stay compliant.
Basic Course Information
Learning Objectives- Identify elements of the proposed IFR4NPO standards
- Recall the impact of recent standard setting on programmatic investments
- Recognize the impact of recent ASUs on nonprofit financial reporting
- Recall the components of quality management in the 2024 Yellow Book
Major Subjects
- Yellowbook
- Auditing
- Accounting
Course Materials
| IMPORTANT CPE Credit Instructions Read Before Webcast Updated 2025 (434.2 KB) | Available after Purchase | ||
Faculty
Melisa F. Galasso Related Seminars and Products
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 acconting 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.
Dates
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Tue, May 20, 2025 - 12:00pm to 03:00pm PDT
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Tue, Jun 03, 2025 - 04:00pm to 07:00pm PDT
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Mon, Jun 23, 2025 - 07:00am to 10:00am PDT
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Thu, Jul 10, 2025 - 10:00am to 01:00pm PDT
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Wed, Jul 30, 2025 - 12:00pm to 03:00pm PDT
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Wed, Aug 13, 2025 - 02:00pm to 05:00pm PDT
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Fri, Aug 29, 2025 - 07:00am to 10:00am PDT
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Tue, Sep 09, 2025 - 10:00am to 01:00pm PDT
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Tue, Sep 30, 2025 - 12:00pm to 03:00pm PDT
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Fri, Oct 03, 2025 - 02:00pm to 05:00pm PDT
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Fri, Oct 24, 2025 - 07:00am to 10:00am PDT
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Thu, Nov 06, 2025 - 04:00pm to 07:00pm PST
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Fri, Nov 21, 2025 - 12:00pm to 03:00pm PST
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Tue, Dec 02, 2025 - 02:00pm to 05:00pm PST
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Tue, Dec 09, 2025 - 07:00am to 10:00am PST
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Mon, Dec 22, 2025 - 10:00am to 01:00pm PST
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Mon, Jan 12, 2026 - 12:00pm to 03:00pm PST
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Fri, Jan 23, 2026 - 02:00pm to 05:00pm PST
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Fri, Feb 06, 2026 - 07:00am to 10:00am PST
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Wed, Feb 25, 2026 - 10:00am to 01:00pm PST
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Tue, Mar 10, 2026 - 12:00pm to 03:00pm PDT
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Wed, Mar 25, 2026 - 02:00pm to 05:00pm PDT
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Mon, Apr 06, 2026 - 07:00am to 10:00am PDT
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Fri, Apr 24, 2026 - 10:00am to 01:00pm PDT
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Additional Info
Basic Course Information
Prerequisites Prior experience with nonprofit accounting and auditingAdvanced Preparation None
Designed For
Accounting Professionals
Original Recording Date 04/2025
Yellow Book Prior experience with GAAS, SSARS and the Code of Professional Conduct
Course Developer Galasso Learning Solutions
Date Added to Catalog 03/2025
Additional Information
Complaint Resolution PolicyPlease contact Anne Taylor for any complaints. anne.taylor@acpen.com, (972-377-8199).
Official Registry Statement
Business Professionals' Network, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org
Instructional Delivery Method
Group Internet Based
Course Registration Requirements
Online Registration
Refund/Cancellation Policy
Please contact the ACPEN help desk 1-877-602-9877 or help@acpen.com if you wish to cancel your attendance for a previously purchased webcast and are requesting a refund or transfer.