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):
The Capper Volstead Act – A Primer and Update on Current Developments
December 7th, 2016
Electric Coop Tax Update
December 13th, 2016
The New Lease Accounting Standards – Here at Last!
December 21st, 2016
Basic A&A Seminar
January 12th, 2017
The Best Kept Secrets of Fraud, Part I
Deep in the heart of a steaming jungle, a ramshackle mining town is full of dangers like mudslides, snakebites, and tropical diseases. Even getting here is an adventure that requires a small plane, a...
FASB Proposes Targeted Changes to Hedge Accounting Rules
FASB aims to ensure that financial statements provide faithful depictions of the economic results of an organization's risk management activities.To achieve that goal, the board has proposed the...
Anticipating Questions about the New Overtime Rule
The Department of Labor released the highly anticipated final overtime rule in May, expanding overtime pay eligibility to approximately 4.2 million salaried workers across the country. Despite...
Avoiding the Doomsday Countdown: How Companies Can Prepare for Changes in Revenue Recognition
The countdown is on for 2018, as new international accounting rules, IFRS 15 for international countries and ASC 606 for the U.S., will change the way companies need to manage revenue...
IRS issues 2017 inflation adjustments for many tax provisions
The IRS issued the annual inflation adjustments for 2017 for more than 50 tax provisions as well as the 2017 tax rate tables for individuals and estates and trusts (Rev. Proc. 2016-55). These...