Latest News
AICPA Recommends Changes to IRS Tangible Property Regulations
AICPA urged the Internal Revenue Service in a letter to act quickly...

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,....

Guidance Ongoing Concern Uncertainties Released
The Financial Accounting Standards Board has issued a new accounting standards update...

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...

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...

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...

Report: Fraud and Retaliation on the Rise
A new compliance benchmark report reveals some alarming findings...

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...

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.