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):
FASB’s New Revenue Recognition Standard: ASC 606, Revenue from Contracts with Customers: Introductory Overview and Tax Considerations
November 3rd, 2016
Unclaimed Property and Escheat Laws is Very Timely
November 8th, 2016
ACA - Reporting (Form 1095-C): A Review and What is New as the Deadline looms
November 30th, 2016
The Capper Volstead Act – A Primer and Update on Current Developments
December 7th, 2016
Electric Coop Tax Update
December 13th, 2016
5 steps to strengthen internal controls at small businesses and not-for-profits
Internal controls may lag at smaller organizations as managers sacrifice them for the sake of service delivery, particularly at cost-conscious not-for-profits and start-up organizations. Yet the...
Fraud risk management guidance updated by COSO
Managing the risk of fraud is a challenge for organizations of all sizes. A typical organization loses 5% of revenues in a given year as a result of fraud, according to the 2016 global fraud survey...
3 Trends Driving Changes in Accounting
The accounting sector has arguably been slow to adopt new technology, eschewing new, and often unproven, technology for older, tried and true tools. However, in the immortal words of Bob Dylan,...
Accounting for Cooperative Business Combinations
The cooperative landscape continues to change throughout the country as agribusiness organizations consolidate. Historically, consolidation has been a result of distressed cooperatives or privately...
Eight Practices That Help Prevent Fraud in Your Agribusiness
Agribusinesses that become victims of employee fraud tend to place unrestricted trust in those they shouldn’t — including the credentialed controller or CFO they hired to help run their...