What's Going on at the GASB
Overview
The GASB has been working on some big projects lately. This course starts with a look at the GASB standards effective this year, including GASB 94, Public Private Partnerships and GASB 96, Subscription Based IT Arrangements. We will include practical applications in the form of case studies to apply the topics. We will then switch gears to the GASB standards coming down the pike, including the major projects of the GASB.
Delivery Method: Individual webcast
CPE Credit: Accounting (governmental)
Program Level: Update
Highlights
- Leases
- SBITAs
- Public Private Partnerships
- Revenue & Expense Recognition
- Financial Reporting Model
Prerequisites
Prior experience with accounting for governmental entities
Designed For
Ideal for practitioners and members in industry responsible for accounting and financial reporting for governmental entities
Objectives
- Recall the impact of GASB 94 on financial reporting for governments
- Describe the accounting for subscription based IT arrangements
- Prepare journal entries compliant with GASB 94
- Prepare journal entries compliant with GASB 96
- Recall the impact of standards effective in 2023
- Recall major projects the GASB is working on
- Identify GASB standards effective after 2023
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 $159.00
Member Price $129.00