Accounting, tax, finance and business education uniquely tailored to cooperatives.

The National Society of Accountants for Cooperatives

The only professional organization dedicated to providing education, resources and connections to professionals exclusively involved in the financial management and planning of cooperatives.

The National Society of Accountants for Cooperatives (NSAC) is comprised of professionals actively involved with the financial management and planning of cooperatives. The Society strives to provide accounting, tax, finance and business education uniquely tailored to cooperatives, supports cooperatives in business interests, and offers networking and professional development opportunities and connections.

Events

Upcoming Events  |  CLN Workshops
2024 TFACC - Collaboration Among Communities
July 28 - 31, 2024

2024 TFACC - Collaboration Among Communities

Registration open for the 2024 Tax, Finance & Accounting Conference for Cooperatives (TFACC) taking place in Orlando, Florida from July 28 to July 31, 2024. This is the must-attend event specially designed for professionals involved in the financial management and planning of cooperatives. TFACC stands out as the only conference that provides tailored education, resources, and networking opportunities in this field. Anticipate an enriching ...

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2025 Technical Exchange
January 27 - 28, 2025

2025 Technical Exchange

The 2025 Technical Exchange is here to immerse you in an extraordinary one-and-a-half-day fly-in event, unlike any other. Join us on January 27-28, 2025, and prepare to be part of something exceptional. This event is only open to NSAC Members. Space is limited, we sold out last year, and the event will fill up fast! DYNAMIC DISCUSSIONS, NOT MUNDANE PRESENTATIONSSay goodbye to mundane PowerPoint presentations! Our innovative program revolves ...

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Accounting for Uncertain Tax Positions / ASC740
May 16, 2024

Accounting for Uncertain Tax Positions / ASC740

This session will discuss current considerations with respect to ASC740, Income Taxes. Specific considerations include Section 174, leases, employee retention credits, and specific cooperative matters such as nonqualifieds, mergers, and acquisitions. In addition, we will revisit uncertain tax positions and what items to consider when analyzing the need for one as well as discuss potential Section 199A(g) implications. 

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2024 North Central Annual Meeting
May 20 - 21, 2024

2024 North Central Annual Meeting

Registration is now open! Elevate your professional expertise while indulging in the serenity of nature at the NSAC North Central Chapter Annual Meeting, at Madden's on Gull Lake Resort in Brainerd, MN! Immerse yourself in a unique blend of education and relaxation as you connect with like-minded cooperative accounting, tax, and finance professionals. When: May 20-21, 2024Where:  Maddens on Gull Lake Resort, Brainerd, MNTime: Kick-off at ...

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Mid-West 2024 Annual Meeting
June 6 - 7, 2024

Mid-West 2024 Annual Meeting

Get ready for a power-packed event designed to supercharge your knowledge and skills! Join us for the NSAC 2024 Mid-West Annual Meeting - geared specifically for cooperative accounting, tax, and finance professionals in the Mid-West region. Dive deep into the latest trends and topics shaping our industry with a stellar lineup of sessions featuring industry experts: Technology in AgriculturePresented by Kevin Hall, VP Supply & Continuous ...

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Happenings

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FASB ISSUES ASU 2023-08 December 2023 INTANGIBLES – GOODWILL AND OTHER – CRYPTO ASSETS (SUBTOPIC 350-60) Accounting for the Disclosure of Crypto Assets

FASB ISSUES ASU 2023-08 December 2023 INTANGIBLES – GOODWILL AND OTHER – CRYPTO ASSETS (SUBTOPIC 350-60) Accounting for the Disclosure of Crypto Assets

May 13, 2024

Why Is the FASB Issuing This Accounting Standards Update (Update)? The Board is issuing the amendments in this Update to improve the accounting for and disclosure of crypto assets. Stakeholder feedback, including from respondents to the 2021 FASB Invitation to Comment (ITC), Agenda Consultation, indicated that improving the accounting for and disclosure of crypto assets should be a top priority for the Board. Stakeholders stated that the ...

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"Customer First" is the Ultimate Goal of Process Improvements

April 22, 2024

Customer-centric finance departmentsExpectations for finance departments are increasing. Processes are becoming more complex. Regulations continue to increase. Those that rely on financial information to perform key business tasks are demanding the ability to make faster decisions. The finance department needs to keep changing and improving to keep up with these expectations. Efficiency and process improvement are a necessity because the ...

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Loper Bright Goes Up to Supreme Court and Implications for Federal Agency Regulations

Loper Bright Goes Up to Supreme Court and Implications for Federal Agency Regulations

April 1, 2024

An interesting non-tax case on the docket for the US Supreme Court’s current term could have far-reaching implications for the extent of federal agencies’ power in drafting regulations that interpret federal statutes, including US Treasury’s Regulations pursuant to the Internal Revenue Code (IRC). Recently, the Supreme Court agreed to hear a case questioning the validity of a federal regulation applicable to the fishing ...

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Clay Worden of RSM US LLP Named Recipient of 2024 Silver Bowl Award by National Society of Accountants for Cooperatives

Clay Worden of RSM US LLP Named Recipient of 2024 Silver Bowl Award by National Society of Accountants for Cooperatives

March 5, 2024

[Cincinnati, Ohio, February 27, 2024] - The National Society of Accountants for Cooperatives (NSAC) is proud to announce Clay Worden, Partner at RSM US LLP, as the distinguished recipient of the 2024 Silver Bowl Award. This esteemed accolade, the highest honor within the cooperative industry, recognizes individuals whose exceptional contributions have significantly enhanced the reputation and functionality of the cooperative sector. For nearly ...

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