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):
Understanding the Complexities of Travel, Meals and Entertainment Expenses
February 3rd, 2015
COSO: From Treadway to the Cube, Fighting Fraud and Corruption in the Coop Environment
February 11th, 2015
SAVE THE DATE! August 2-5, 2015
More Details Soon
Top Stories in Accounting in 2014
If you thought the webinar had changed continuing professional education, wait until some of things talked about in the American Institute of CPAs’ “Future of Learning” report come about.
Boards complete redeliberations of the definition of a lease
The FASB and IASB (collectively, the Boards) decided against adding an additional requirement to their proposed definition of a lease
Substantiating Expenses: All or Nothing
Under Sec. 274(d), for certain expenses, taxpayers are required to be able to provide specific detailed information to substantiate the expenses. As the recent case of Garza, T.C. Memo. 2014-121, demonstrates, this is an all-or-nothing proposition
Ben Affleck Will Star as 'The Accountant''! What?
In what may prove to be either a casting coup or a disaster in the making, Ben Affleck is set to star in an action thriller entitled “The Accountant.”
No more extraordinary items: FASB simplifies GAAP
TA FASB initiative designed to simplify GAAP has yielded its first standard: The board is eliminating the concept of extraordinary items from GAAP.