Genuine Learning Blog: FinREC Proposal for Programmatic Investments

| , ,

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.

Building Capacity Without Burning Out: A Smarter Approach to Firm Growth

For accounting firms, growth is a positive indicator of performance, but it can also expose weaknesses in operational processes. New clients, broader services, and higher revenue create opportunity. The challenge emerges when the same partners, managers, and experienced professionals repeatedly absorb that additional work.
READ MORE

Human in the Lead: How CPAs Can Use AI Without Constant Supervision

For several years, the standard advice for using artificial intelligence has been to keep a “human in the loop.” That remains sound advice, but it is becoming incomplete. There’s a ...
READ MORE
cpa report blog square

DEW’s Career Readiness Partnership Supplies Qualified Talent to Employers

Author: South Carolina Department of Employment and Workforce This article originally appeared in the Summer 2026 issue of the South Carolina CPA Report In 2023, the S.C. Department of Employment and ...
READ MORE