Welcome to the NSAC Website!
What Is NSAC? The National Society of Accountants for Cooperatives(NSAC) is comprised of professionals actively involved with the financial management and planning of cooperative business. NSAC strives to provide accounting, tax and business education uniquely tailored to cooperatives, supports cooperatives in business interests, and offers networking and professional developement opportunities.
What Members Say about NSAC
I am retiring at the end of the month and I will be staying in NSAC as a retired member. “It's been a good 30 years of active membership. I met lots of good people and received lots of valuable information. My replacement has already joined NSAC”.
RP (Ron Peterson) Minnesota.
NSAC's group-live, educational teleconferences uniquely tailored for cooperatives
Upcoming CLN Workshop(s):
Basic A&A Seminar
December 3rd, 2015
Use of Non-Qualified Dividends
December 10th, 2015
Hedging: What is this all about?
December 17th, 2015
Equity Management: Creating a Policy That is Right for Your System
January 14th, 2016
Private Company Council – Why It’s Important to Coops
February 10th, 2016
Grand Hyatt in Washington D.C.
Tax, Finance & Accounting
Conference for Cooperatives
NSAC + NRECA = Collaboration between Cooperatives
July 31 – August 3, 2016 | Washington, DC
An unparalleled education event in cooperation with the National Rural Electric Cooperative Association. The partnership between NSAC and NRECA means more learning opportunities and a chance to broaden the networks of co-op financial professionals.
Recently the Capitol Chapter held their annual meeting in Gettysburg Pennsylvania. In honor of the historic battle that unfolded on those grounds, Dave Antoni and Barry Groebel engaged in a display of recognition for the historic setting for their annual meeting.
FASB Moves to Simplify Business Combination Accounting
FASB issued new guidance Friday designed to simplify accounting for adjustments made to provisional amounts recognized in a business combination.
FASB Addresses Issues Raised During Drafting of the New Leases Standard
The FASB made several decisions on issues that arose as its staff was drafting the final leases standard it plans to issue in late 2015 or early 2016.
FASB Proposes Narrow Changes to Revenue Recognition Standard
FASB proposed changes that are designed to improve guidance on collectability, noncash consideration, and completed contracts at transition in the new revenue recognition standard.
How Should Materiality Be Applied? FASB Weighs In
FASB issued two exposure drafts that address the use of materiality—an attempt to help organizations eliminate unnecessary disclosures in financial statements.
FIN 48 Deterred Earnings Management
The Financial Accounting Standards Board’s 2007 standard on accounting for uncertainty in income taxes, FASB Interpretation No. 48, or FIN 48, has helped discourage companies from using tax reserves to manage their quarterly earnings reports, according to a new study.
Online Banking Fraud: A Devastating New Threat to Your Business
The biggest risk to your manufacturing company’s financial security does not come from domestic regulations and taxes, or even from a highly competitive China.