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Live Webcast Replay

2024 Accounting & Auditing Update for Small Businesses


Total Credits: 4 including 2 Accounting - Technical, 2 Auditing- Technical

Average Rating:
   37
Categories:
ACPEN Industry Institute |  Accounting and Auditing
Faculty:
Melisa F. Galasso
Course Levels:
Update
Duration:
4 Hours
License:
Product Setting: Expires 30 day(s) after program date.

Dates
Please Note: Programs with a ☾ insignia begin after 5pm or air on the weekend.


Description

For many small businesses, the standards issued by the FASB may have little to no effect as they impact topics that do not reflect the type of transactions that these entities most frequently experience. This class will focus on the Accounting Standards Updates (ASUs) that are most likely to impact small businesses with a focus on ASUs initiated by the Private Company Council (PCC). We'll then look at alternative reporting options to GAAP including FRF for SMEs and IFRS for SMEs for entities who don't necessarily need to prepare GAAP financial statements but want to use accrual accounting. Finally, we will transition to audit standards that small business auditors will need to implement. 

Basic Course Information

Learning Objectives
  • Recall ASUs impacting small businesses 
  • Identify reporting options for small entities other than GAAP
  • Recognize the changes to quality required of small firms 

Major Subjects
  • FRF for SMEs
  • Quality Management
  • Private Company Council

Course Materials

Faculty

Melisa F. Galasso's Profile

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

Sat, Dec 21, 2024 - 09:00am to 12:39pm CST
Wed, Jan 08, 2025 - 11:00am to 02:39pm CST
Sat, Jan 25, 2025 - 01:00pm to 04:39pm CST
Tue, Feb 04, 2025 - 03:00pm to 06:39pm CST
Mon, Feb 17, 2025 - 09:00am to 12:39pm CST
Fri, Mar 14, 2025 - 11:00am to 02:39pm CDT
Tue, Mar 25, 2025 - 05:00pm to 08:39pm CDT
Sat, Apr 12, 2025 - 03:00pm to 06:39pm CDT
Tue, Apr 29, 2025 - 09:00am to 12:39pm CDT

Additional Info

Basic Course Information

Prerequisites Prior experience with GAAS & GAAP
Advanced Preparation None
Designed For Accounting professionals
Original Recording Date 05/01/2024
Course Developer Galasso Learning Solutions LLC
Date Added to Catalog 1/22/2024
Yellow Book No

Additional Information

Complaint Resolution Policy

Please 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. 


Reviews

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4
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2
1

Overall:      4.7

Total Reviews: 37

Comments

Ronald L

"Excellent"

David O - Manchester, Connecticut

"The course was very informative and the presentation was clear and concise."