FASB simplifies inventory measurement guidance
FASB has issued new financial reporting guidance that is designed to reduce the complexity related to the subsequent measurement of inventory.
FASB simplifies financial reporting by employee benefit plans
The FASB eliminated requirements that employee benefit plans measure the fair value of fully benefit-responsive investment contracts and provide the related fair value disclosures.
The Definition Of An Employee Could Be Evolving
This isn’t merely a matter of semantics, and it’s not only an issue that applies to federal employment taxes.
Smartwatches Could Become New Frontier for Cyber Attackers
Watches with network and communication functionality are opening up a new frontier for cyber attackers thanks to a largely cavalier attitude towards security by manufacturers, a new study by HP warns.
What Do Millennials Want?
Even as accounting and finance programs at colleges nationwide accept record numbers of prospective students, hiring managers at public accounting firms and CFOs in industry claim that hiring a quality young professional in 2015 can still be difficult.
The National Society of Accountants for Cooperatives (NSAC) is a professional society, formed in 1936, comprised of approximately 2,000 individual members actively involved with the financial management and planning of cooperative business. NSAC members are either employed by a cooperative or provide professional services for cooperatives.
Serving Individual members and their respective organizations
- Employees of cooperatives who are accountants, bookkeepers and office managers; controllers and tax directors; internal auditors and in-house legal staff, as well as CFOs and other finance professionals
- Professionals advising and providing services to cooperatives such as independent auditors and CPAs, tax advisors and preparers, cooperative bank professionals, professionals working for law firms, government employees advising cooperatives and cooperative association employees
- Continuing Educational Programming
- Continuing Professional Education (CPE) credits Resources on Financial Reporting Programs for both Small and Large Cooperatives
- A Directory of Other Cooperative Professionals
- Networking Opportunities
- A Quarterly Technical Journal
In 1935, auditors for the Northern States Cooperative League began holding meetings. Due to the success of these gatherings, they decided to form a national organization. NSAC Milestones:
1943 – Formally structures as an independent, nonprofit corporation
1948 – Begins publishing The Cooperative Accountant
1952 – Publishes first cooperative accounting report
1980 – Hires first professional manager1998 – Organizes nationwide Electric Cooperative Chapter
2001 – Begins actively participating in FASB projects that impact co-ops
2008 – Becomes industry leader in international accounting standards development
2011 – Celebrates 75th Anniversary at Annual Meeting in Orlando, FL