What's Going on at the FASB (2025)
Overview
The course will start with the Accounting Standard Updates effective in 2024 for public entities, private entities, and nonprofits. We will also review year 2 implications of the leases standard including modification accounting. We will then switch our attention to the items coming down the pike, including a look at the projects identified by the FASB’s Invitation to Comment: Agenda Consultation.
This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.
Delivery Method: Individual webcast
CPE Credit: Accounting
Program Level: Update
This course is being offered by a 3rd party vendor and will not be accessible on your My CPE page. Webinar access information will be emailed directly to you by CPA Crossings.
Highlights
The major topics that will be covered in this course include:
- Accounting Standard Updates effective in 2024 for public entities, private entities, and nonprofits.
- Review year 2 implications of the leases standard including modification accounting.
- A look at the projects identified by the FASB's Invitation to Comment: Agenda Consultation.
Prerequisites
None
Designed For
Practitioners and members in industry responsible for accounting and financial reporting.
Objectives
After attending this presentation, you will be able to...Identify the impact of ASUs that are effective in 2024 on financial reporting
- Recognize the impact of the lease modification on financial reporting
- Identify FASB ASUs that will be effective after 2024
Preparation
None
Leader(s):
Leader Bios
Melisa Galasso, CEO, Galasso Learning Solutions
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 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 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. In addition, Melisa authors the AICPA's State and Local Government Guide and serves as a SME for the Center for Plain English Accounting.
Melisa 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.
Prior to establishing Galasso Learning Solutions, Melisa worked in public accounting, industry, internal audit, and academia.
She received a Bachelor of Science in Business Administration with a concentration in Accounting and International Business from Georgetown University.
On a personal level, Melisa enjoys traveling, watching her daughter ride her horse, and spending quality time with family. She finds balance through yoga, is an avid reader, and frequents local performing arts shows. Melisa actively supports several causes that empower women.
Awards & Certifications
Certified Public Accountant, Licensed in Virginia and North Carolina
Certified Professional in Talent Development (CPTD)
Master Trainer™ Designation, Association for Talent Development
2019 Rising Star Award, National Association of Women Business Owners
Don Farmer Award (2016), NCACPA
40 Under 40 (2017, 2018, 2019), CPA Practice Advisor
50 Most Influential Women (2016, 2019), Mecklenburg Times
Outstanding Discussion Leader (2016, 2017, 2018), AICPA
5.0 Speaker (2015, 2016, 2017), NCACPA
Outstanding Professional Speaker (2019), NCACPA
Enterprising Women of the Year Award (2020)
Top 5 Under 35 (2016), VSCPA
Top 25 National Instructor (2015, 2016), Becker Professional Education
Women to Watch Emerging Leader (2013), NCACPA
Super CPA (2007), Virginia Business Magazine
Non-Member Price $89.00
Member Price $89.00