myCPE

Yellow Book Boot Camp – Introduction to NFP and Governmental Accounting & Auditing 8 Credits 8 Credits

Dec 21, 2020, 11:00 AM ET

Yellow Book Boot Camp – Introduction to NFP and Governmental Accounting & Auditing 8 Credits 8 Credits

  • Rating

    4.5

  • Published on

    December, 1969

  • Subject Area

    Accounting (Govt.)

Learning mode

Live Webinar
  • Access the course at your convenience
  • Take the assessment test
  • Get your certificate
  • Attend the live interactive session
  • Answer the polling questions
  • Get your certificate
Dec 21, 2020, 11:00 AM ET

Learning Objectives

  • Identify the key differences in governmental GAAP
  • Recognize the basic requirements in a Yellow Book Audit
  • Describe performance requirements for Uniform Guidance
  • Identify topics unique to nonprofit accounting

Course Overview

Many government and not-for-profit (NFP) organizations require an audit. Since the fiscal year end for many of these organizations is something other than Dec. 31, this type of service presents an opportunity for CPA firms to shift work outside of the traditional busy season. Additionally, these engagements provide audit staff with fresh experiences and industry exposure. The benefits of providing audit services to government and NFP organizations are numerous, yet they may present unforeseen professional liability risks for firms without the necessary knowledge and expertise in these specialized areas.

This webinar is aimed to provide an introduction to accounting and auditing that is unique to nonprofits and governments. It will cover :

  • Yellow Book
  • Nonprofit accounting and unique differences
  • Introduction to the unique requirements of governmental accounting
  • Explanation of what a uniform guidance compliance audit is and how it is different from financial audits

This foundational course is perfect for those getting started in the nonprofit and governmental arena and those looking for a refresher.

Yellow Book Boot Camp Part 2 is expected in the fall after the COVID Compliance Supplement is issued.  It will cover key changes in accounting & auditing that impact nonprofits and governmental entities. Part 2 is great for experienced professionals as well as those who have completed the Part 1 webinar.

On Demand Credits for All Qualifications

Live Webinar Credits for All Qualifications

License details Credits Status
Certified Public Accountants (CPA-US) 8 CPE Approved
Certified Internal Auditors (CIA) 8 CPE Eligible
Certified Management Accountants (CMA) 8 CPE Eligible
Certified Wealth Strategist (CWS) 8 CE Eligible
Certified Fiduciary and Investment Risk Specialist (CFIRS) 8 CE Eligible
Certified Valuation Analyst (CVA) 8 CPE Eligible
Certified Government Auditing Professional (CGAP) 8 CPE Eligible
Certified Business Appraiser (CBA)/Master Certified Business Appraiser (MCBA) 8 CPE Eligible
License details Credits Status
Certified Public Accountants (CPA-US) 8 CPE Approved
Certified Internal Auditors (CIA) 8 CPE Eligible
Certified Management Accountants (CMA) 8 CPE Eligible
Certified Wealth Strategist (CWS) 8 CE Eligible
Certified Fiduciary and Investment Risk Specialist (CFIRS) 8 CE Eligible
Certified Valuation Analyst (CVA) 8 CPE Eligible
Certified Government Auditing Professional (CGAP) 8 CPE Eligible
Certified Business Appraiser (CBA)/Master Certified Business Appraiser (MCBA) 8 CPE Eligible

Additional Information

Credits

8

Course Level

Basic

Instructional Method

QAS Self Study

Group Internet Based

Pre-requisites

None

Advance Preparation

None

NASBA APPROVED

MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478

MY-CPE LLC 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.com.

About Instructor

Melisa Galasso

Melisa Galasso , CPA (US)

Owner, Galasso Learning Solutions

  • 4.3
  • rating
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Melisa Galasso, CPA, is the founder of Galasso Learning Solutions LLC. With over 15 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, public speaking, and business skills. Melisa closely monitors regulatory bodies for changes in auditing and accounting guidance and serves as a subject matter expert in implementing the updated guidance.

Melisa earned the Association for Talent Development (ATD) Master Trainer™ designation. She is a member of and frequent instructor for the American Institute of Certified Public Accountants (AICPA), the North Carolina Association of Certified Public Accountants (NCACPA), and the Virginia Society of Certified Public Accountants (VSCPA).

Melisa was appointed in 2016 to the AICPA’s Technical Issues Committee (TIC), which is responsible for monitoring the activities of the various accounting and attestation standard-setting boards and submitting comments and recommendations during the due process phase. Melisa is also currently serving on the Board of Directors for the VSCPA. Previously, she served as President of the Board of NCACPA’s Charlotte Chapter, Chair of the A&A Committee for the NCACPA, and held several leadership positions with the VSCPA.

Melisa received the 2013 Women to Watch – Emerging Leader Award from the NCACPA and AICPA. She is a graduate of the 2014 class of the AICPA’s Leadership Academy. In 2016, Melisa was honored as one of the 50 Most Influential Women by the Mecklenburg Times and received the Top 5 Under 35 Award from the VSCPA. She received a 5.0 Speaker award from the NCACPA in 2015, 2016 and 2017. In 2016, Melisa received the Don Farmer Award from the NCACPA for the highest combined average scores on knowledge, skills, and materials from participant evaluations for all courses taught in a technical area. Melisa is a 2017 and 2018 recipient of the AICPA’s Outstanding Discussion Leader award which is given to the top 10% of all AICPA facilitators around the country.

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 Demand FAQs

What is Self Study (QAS)?

Self Study QAS (Quality Assurance Service) is a NASBA and other regulatory bodies approved program designed for Professionals to complete their Continuing Professional Education credits through self-paced, interactive courses that meet the highest standards of quality and compliance. We are approved by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies.

How do I earn CPE credits through self-study?

To earn CPE credits, you must complete the self-study course, pass the required assessments, and submit the necessary documentation. Credits are awarded based on the completion of course hours and successfully passing the assessments.

Are the self-study courses approved by NASBA and other regulatory bodies?

Yes, all our self-study courses are approved by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies, ensuring they meet the rigorous standards for quality and educational content set by these organizations.

What are the requirements to maintain compliance with self-study courses?

To maintain compliance, you must follow the guidelines set by NASBA and other regulatory bodies, which include completing the course within the specified timeframe, passing the assessments, and keeping accurate records of your learning activities.

How can I access my course completion certificates?

After successfully completing a self-study course and passing the assessments, you can access and download your course completion certificates from your account dashboard on our platform. These certificates are recognized by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies for compliance and reporting purposes.

How are credits reported to governing bodies?

We issue instant credit certificates, ensuring they are valid for presentation to governing bodies. Typically, we report IRS, CTEC, CFP, IDFP, IWI, VBOA Ethics credits within 7 days – the fastest in the industry.

Live Webinar FAQs

What is a Live Webinar Group Internet-Based Credit?

A Live Webinar Group Internet-Based Credit is an interactive, real-time online seminar where professionals can earn Continuing Education credits by participating in live sessions led by experts in various fields. These sessions meet the standards set by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies.

How do I earn credits through live webinars?

To earn credits, you must attend the entire live webinar, actively participate in any polls or questions, and complete any required evaluations or assessments. Credits are awarded based on your attendance and participation in the live session.

Are the live webinars approved by NASBA and other regulatory bodies?

Yes, all our live webinars are approved by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies, ensuring they meet the high standards for quality, interactivity, and educational content set by these organizations.

What are the requirements to maintain compliance with live webinar courses?

To maintain compliance, you must adhere to the guidelines set by NASBA and other regulatory bodies, which include attending the full duration of the webinar, participating in interactive elements, and completing any post-webinar evaluations or assessments.

How can I access my webinar completion certificates?

After successfully attending a live webinar and fulfilling all participation requirements, you can access and download your completion certificates from your account dashboard on our platform. These certificates are recognized by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies for compliance and reporting purposes.

How are credits reported to governing bodies?

We issue instant credit certificates, ensuring they are valid for presentation to governing bodies. Typically, we report IRS, CTEC, CFP, IDFP, IWI, VBOA Ethics credits within 7 days – the fastest in the industry.

Reviews and Ratings

out of 5

Excellent (48%)

Very Good (33%)

Average

Poor (3%)

Terrible (15%)

KT

Kerry Tovery, CPA (US)

1

Melisa was very knowledgeable and helpful, and very interested in the topic. I learned numerous new concepts today which help me further appreciate the differences between NFP and other entities. Great job! Also, he reiterated if someone has future questions regarding NFP, he is more than happy to serve as a resource and encouraged folks to contact him

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