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.
2014 NSAC’s Tax & Accounting
Conference for Cooperatives
and online registration coming soon.
Advanced A&A Seminar
March 27th, 2014
April 8th, 2014
Lease Accounting Project Update
April 17th, 2014
April 24th, 2014
Characteristics of Coop Equity
May 8th, 2014
An Easier Way for Certain Private Companies to Account for Goodwill
In January, the Financial Accounting Standards Board issued final guidance on an accounting alternative that allows private companies to amortize goodwill acquired in a business combination and to use a simpler one-step impairment test.
Accountants’ Confidence Wobbles Slightly Going into 2014
The accounting profession's expectations for economic growth wobbled slightly, but remained positive for the fourth month in a row
Accounting Firm Leaders and Staff See Ethics Differently
Leaders of accounting firms may view the ethical environment differently from their staff members, according to a new study.
Certain private companies can now use simplified hedge accounting
The FASB has issued final guidance that makes it easier for certain private companies to qualify for hedge accounting for interest rate swaps used to convert variable-rate debt into fixed-rate debt.