Latest News

NSAC supported the International Summit for Cooperatives in Quebec.
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AICPA Recommends Changes to IRS Tangible Property Regulations
AICPA urged the Internal Revenue Service in a letter to act quickly...
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What’s the Haircut? Determining the Fair Value of Deferred Revenue
There are a number of challenges when it comes to the valuation of deferred revenue,....
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Guidance Ongoing Concern Uncertainties Released
The Financial Accounting Standards Board has issued a new accounting standards update...
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Regulation, inflation drove audit fees higher in 2013
Regulatory oversight and inflation have played significant roles in the rise in fees U.S. companies paid in 2013...
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Poll: Voters want teamwork on tax reform
Seven in 10 voters in several states with high-profile elections this year want President Obama and Congress to work to overhaul the tax code...
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Board members keenly focused on risk 
Corporate board members of US public companies are keenly focused on risk, but many are not comfortable with their understanding...
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Report: Fraud and Retaliation on the Rise
A new compliance benchmark report reveals some alarming findings...
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FASB Resumes Work on Hedge Accounting, Pursuing Targeted Fixes and Alignment With IFRS
The Financial Accounting Standards Board has dusted off its notes on hedge accounting...
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NSAC Publications

NSAC provides a variety of training sessions, publications, and research tools to enhance the professional competence of its members and improve the level of service they can offer cooperatives.

  • The Cooperative Accountant is a quarterly technical journal featuring timely and useful information on cooperative tax, accounting, finance, and economic issues.

  • Financial Reporting by Cooperatives explains and offers examples of financial statement entries unique to cooperatives.

  • The Electronic Tax Library provides easy access to a searchable data base of IRS administrative rules and rulings and court cases concerning tax treatment of cooperatives. Available in the Members section of this website.

  • Welcome to Cooperatives is a basic explanation of how cooperatives are organized and operated, including equity management and tax treatment. It is must reading for new employees without a background in cooperation.