What is NSAC's Cooperative Learning Network?
The NSAC Cooperative Learning Network is a live, interactive webinar, and you can attend from any location with internet and/or telephone access. NSAC members can attend an unlimited number of CLNs at no charge!

Who presents the information for one of these courses?
Each Cooperative Learning Network will have one or more speakers who are recognized experts on the topic. CLNs typically include a Q&A session where participants can ask questions live or by chat.

CPE Credits
The National Society of Accountants for Cooperatives (NSAC) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors through its website: www.learningmarket.org.

Delivery Method: Group-Live.

CLN Policies
Refunds for CLNs are not provided. Member registrants, if unable to participate, will be provided with a link to the PODCast. Note PODCasts are not eligible for CPE credit.

For more information regarding refund, complaint and/or CLN cancellation policies, please contact our offices at (937) 222-6707 or info@nsacoop.org.

What does my registration include?
Your registration includes long-distance charges for the audio portion and log-in to the video presentation. All handouts and presentation files are downloadable and may be printed out or saved to the participant's computer once they are logged in to the course meeting room. Sessions include one Certificate of Attendance. Certificates for additional participants are $10.00 each.

Why NSAC Cooperative Learning Networks?

Fast.
No wasted time. Get right to the heart of the matter in a course designed to easily fit into your busy schedule.

Convenient.
No travel. No time out of the office. Listen and follow along from the comfort and convenience of your desk, device or conference room.

Easy.
A computer, device and/or telephone are all the equipment you need.

CLNs are ideal for multiple attendees. Registrants may use a monitor and speakers/speakerphone and invite others to participate - at no extra cost to you. Additional attendees seeking CPE credit for viewing the session will incur a $10 fee per certificate request.

Affordable.
NSAC Cooperative Learning Networks are free for members and available to non members at a fraction of the cost of travel and attendance fees for other high-priced conferences or seminars.

For more information contact the National Office at 937-222-6707 or email to: info@nsacoop.org

Cooperative Learning Network

3-Hour Advanced Co-op Accounting Course Session 1
Date: Thursday, March 27, 2014
Time: 12:00 PM ET / 11:00 AM CT / 10:00 AM MT / 09:00 AM PT [Prevailing Time]
Presenter(s): Phil Miller & Don Frederick
Objective: Provide participants with background information on certain cooperative-related areas, with a goal of increasing their understanding of these areas.
Field of Study: Accounting
Program Level: Intermediate/Advanced
CPE Credit: 3 Credit Hours
Delivery Method: Group-Live

No advanced preparation or prerequisites are required for this course.

Course Description
This 3-hour, 3-CPE credit course is designed for recent hires and other employees of cooperatives and firms serving cooperatives that can benefit from training in the unique nature of cooperatives. The three modules presented in this course include Hedge Accounting for Co-ops, Advanced Cooperative Taxation and Co-op Ratio Analysis.

Hedge Accounting for Co-ops
This one-hour course is one of the modules contained in the NSAC Advanced Accounting Course, taught at an intermediate-advanced level. The course defines Hedging for Co-ops, and outlines the reasons Co-ops hedge, especially the role of Commodities. It discusses Basic Hedging Instruments, the role of FASB No. 133, and provides illustrative examples of determining Effectiveness. The course concludes by discussing the more recent accounting pronouncements that impact Hedge Accounting.
Advanced Cooperative Taxation
This one-hour course is one of the modules contained in the NSAC Advanced Accounting Course, taught at an intermediate-advanced level. The course starts with a short review of Basics of Co-op Taxation. It then discusses Patronage and Non-patronage Income, Section 521 Cooperatives, the Handling of Losses for tax purposes, and Equity Redemption issues. The course concludes with a discussion the Domestic Production Activities Deduction.
Co-op Ratio Analysis
This one-hour course is one of the modules contained in the NSAC Basic Accounting Course, taught at an intermediate-advanced level. The course starts with a discussion of the Rational for Ratio Analysis at Cooperatives and why Ratios differ at Cooperatives. It then discusses the different Types of Ratios (Liquidity, Leverage, Activity, Profitability) and Special Ownership Ratios for Co-ops. The course concludes with a shot discussion on USDA Stats on Co-ops.

Presenter Bio(s)
Philip W. Miller is the Executive Secretary and chief executive officer for the Virginia Cooperative Council and the Virginia Foundation for Cooperation, both headquartered in Richmond, VA. In 2009 he retired as Vice President & Controller for Southern States Cooperative in Richmond, Virginia, after a thirty-six year career. While at Southern States, he served as an Internal Auditor, Senior Auditor, Assistant Manager of Internal Audit, Manager of Corporate Accounting and Assistant Controller before being promoted to Controller in 2000. Prior to his joining Southern States, Phil worked for Walden Inventory Services. Prior to that, he served for two years in the United States Army as a member of the President’s Honor Guard in Ft. Meyer, Virginia.

Phil received his BA in Economics from Berea College in 1968 and completed post graduate studies in Accounting at Virginia Commonwealth University in 1978. He is a retired licensed CPA in Virginia and former member of the AICPA and the Virginia Society of CPAs.

Don Frederick served as NSAC's Director of Education from August of 2007 through March of 2012. His responsibilities included preparing educational materials on cooperative accounting, finance, and taxation and coordinating the development of program content for NSAC live and web-based educational seminars.

Before joining NSAC, Don spent two decades as Program Leader for Law, Policy, and Governance with the Cooperative Programs group at the U.S. Department of Agriculture. Before then, Don spent several years on the legal staff of the National Council of Farmer Cooperatives and time as a staff attorney in the USDA Office of the General Counsel.

In October 2007, Don was designated as an Honored Cooperator by the National Cooperative Business Association. In August, 2008, he received NSAC's highest honor, its Silver Bowl Award, for "service which has enhanced, to an unusual degree, the image and operations of the National Society of Accountants for Cooperatives and the cooperative community in general."

A PODCast of this workshop is now availble. Click here to order/view.

Additional Information

For more information regarding this series or administrative policies such as complaint and refund, please contact the NSAC National offices, 136 S. Keowee St., Dayton, OH 45402, 937-222-6707, email: info@nsacoop.org

The National Society of Accountants for Cooperatives (NSAC) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.learningmarket.org