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Names in the News
CliftonLarsonAllen Acquires Illinois Agricultural Auditing Association
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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.
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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.
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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...
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FASB Proposes Disclosure Framework
The Financial Accounting Standards Board has issued a draft version of its long-awaited Disclosure Framework...
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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
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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
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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.