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.
SAVE THE DATE! August 3-6, 2014
San Diego, CA
Details and online registration coming soon.
NSAC's group-live, educational teleconferences uniquely tailored for cooperatives
Upcoming CLN Workshop(s):
April 24th, 2014
Lease Accounting Project Update
April 29th, 2014
Characteristics of Coop Equity
May 8th, 2014
What is a Cooperative?
May 13th, 2014
Names in the News
CliftonLarsonAllen Acquires Illinois Agricultural Auditing Association
Senators Introduce Bill to Reinstate Biodiesel Tax Break
Senators Maria Cantwell, D-Wash., and Chuck Grassley, R-Iowa, have introduced bipartisan legislation to reinstate a tax incentive for the production of domestic biodiesel fuel.
To the Point: FASB and IASB Boards back away from some key aspects of leases proposal
In joint redeliberations, the IASB supported a single on-balance sheet model for lessee accounting while the FASB supported a dual on-balance sheet model.
FASB responds to post-implementation review report on fair value
The FASB said it sees no need to undertake a comprehensive review of Statement No. 157, Fair Value Measurements...
FASB Proposes Disclosure Framework
The Financial Accounting Standards Board has issued a draft version of its long-awaited Disclosure Framework...
Accounting Fraud on the Rise at U.S. Companies
More than half of U.S. organizations that experienced fraud in the past two years reported an increase in the number of occurrences
Treasury and IRS Amend Final FATCA Regulations
The Treasury Department and the Internal Revenue Service released a final package of regulations to implement the Foreign Account Tax Compliance Act