Melisa Galasso, CPA, has prepared two videos that address Accounting Standards Updates that were issued by FASB in November.

This first video covers ASU 2019-08—Compensation—Stock Compensation (Topic 718) and Revenue from Contracts with Customers (Topic 606). The title is “Codification Improvements—Share-Based Consideration Payable to a Customer.”

The second video covers both ASU 2019-09 and 2019-10:

Update 2019-09—Financial Services—Insurance (Topic 944): Effective Date

Update 2019-10—Financial Instruments—Credit Losses (Topic 326), Derivatives and Hedging (Topic 815) and Leases (Topic 842): Effective Dates

What questions do you have? Send your questions to

SCACPA is excited to partner with Galasso Learning Solutions and the Genuine Learning Blog for real-time A&A updates and answers for SCACPA members. Melisa was a speaker on audit topics at SCACPA’s 2019 Fall Fest and Spring Splash accounting conferences. She also takes part in many SCACPA seminars and rebroadcasts.

With over 15 years of experience in the accounting profession, Melisa Galasso designs and facilitates courses in advanced technical accounting and auditing topics, including not-for-profit and governmental accounting. She closely monitors regulatory bodies for changes in auditing and accounting guidance and serves as a subject matter expert in implementing the updated guidance.

You can read SCACPA’s Q&A with Melisa conducted during some break time at Spring Splash here.