FINREC has released a new proposal impacting programmatic investments for nonprofits, and Melisa Galasso explains what these changes mean for your accounting practice. Get the practical highlights and key takeaways you need on this notable standards update.
- Overview of FINREC’s working draft proposal for programmatic investments
- Clarification on the new derivative definition and ASU 2025-07’s impact
- Scope exceptions for nonprofit programmatic loans and conditional promises
- Step-by-step treatment of forgiveness clauses in nonprofit loans
- Details on public comment opportunities and deadlines for feedback
SC.CPA is excited to partner with Galasso Learning Solutions and the Genuine Learning Blog for real-time A&A updates and answers for SC.CPA members.
Melisa F. Galasso is the Founder and CEO of Galasso Learning Solutions LLC. A CPA with over 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.
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Proposed enhancive update ASU 2025-07 Adoption | Advocacy | AICPA & CIMA
