The National Society of Accountants for Cooperatives (NSAC) is the only professional organization dedicated to providing education, resources and connections to professionals exclusively involved in the financial management and planning of cooperatives.
Joining the NSAC connects you with a vibrant network of professionals and industry experts in the cooperative sector, fostering collaboration and knowledge sharing. Members gain access to specialized education through events, webinars, and seminars tailored to cooperative tax, accounting, and finance. With resources like "The Cooperative Accountant" and CONNECT, our exclusive platform, NSAC supports your professional growth while keeping you informed on industry trends.
NSAC is excited to announce The Cooperative COMPASS - pointing accounting, tax, and finance professionals in the co-op industry towards an extraordinary educational and networking experience - taking place May 5-6, 2025 in vibrant Kansas City in cooperation with NSAC’s Mid-West Chapter. This unique conference is tailored specifically for professionals dedicated to the financial management and strategic planning of cooperatives. COMPASS ...
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Join us for the NSAC 2025 Texas Chapter Conference, happening February 27-28 in beautiful Fredericksburg, TX! This event is designed specifically for cooperative tax and accounting professionals, offering expert-led educational sessions, the opportunity to earn valuable CPE credits, and the chance to network with peers and industry leaders in your local area. SCHEDULE (All times are CT)HOTELThe Inn on Barons Creek308 South Washington ...
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Join us on March 5, 2025, for a 60-Minute Zoom exploring the complexities of agricultural liens, UCC provisions, and contract issues that impact payment rights and responsibilities. This session will provide overview of unique agricultural lien structures, critical UCC considerations, and key contract terms that can either safeguard or jeopardize payment in agricultural transactions.
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Want to know more about current and expected market conditions affecting agricultural co-ops? In this 60-minute zoom, Tanner Ehmke, Lead Economist with CoBank, will discuss the issues impacting the macroeconomy, agricultural commodity markets, and the agricultural economy with particular focus on inflation. Get an outlook on the agricultural commodity markets, including corn, wheat, soybeans, rice, cotton, hay, cattle, hogs, and dairy, and the ...
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Save the date for the NSAC Atlantic Chapter 2025 Annual Meeting in the beautiful coastal city of Wilmington, North Carolina, June 8-10, 2025! This event is tailored for tax and accounting professionals in the cooperative industry, offering 10 hours of CPE credit to help you stay ahead of the latest trends, along with invaluable networking opportunities to connect with peers and industry leaders. Attendees will also enjoy a special outing to ...
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The role of an accountant has been evolving significantly over the last several years and will continue to be notably impacted by continuously emerging technology solutions. The days when accountants were predominantly number-crunchers and those that put together financial reports are dwindling, if not all together gone. Traditional accounting tasks have been streamlined or eliminated with the introduction of multiple technological solutions.
NSAC joins the Main Street Employers Coalition and more than 230 trade associations supporting legislation to make the Section 199A deduction permanent. The Main Street Tax Certainty Act is set to be reintroduced by Senator Steve Daines (R-MT) and Representative Lloyd Smucker (R-PA). The deduction was enacted in 2017 to encourage job creation and new investment by private businesses. It also helps private companies compete with public ...
In December 2023, the FASB issued Accounting Standards Update (ASU) 2023-08, entitled Accounting for and Disclosure of Crypto Assets. The provisions in ASU 2023-08 add Accounting Standards Codification (ASC) Subtopic 350-60, entitled Intangibles—Goodwill and Other—Crypto Assets to the accounting technical literature. This guidance applies to all entities that hold crypto assets that meet certain criteria. The provisions of ASU ...
Feedback from investors, lenders, creditors, and other allocators of capital (collectively, “investors”) on the 2021 FASB Invitation to Comment, Agenda Consultation, indicated that disclosure of disaggregated financial reporting information (in the income statement, the statement of cash flows, or the notes to financial statements) should be a top priority for the Board. The Board received similar feedback as part of the 2016 FASB ...
