What is NSAC's Cooperative Learning Network?
A NSAC Cooperative Learning Network is a live, interactive 60-minute conference presented over the telephone and over the Internet. You can attend from any location that has telephone and Internet access. You pay just one registration fee for as many participants as you wish at each call/log-in location.

Note that high-speed Internet access is not mandatory – the system works with dial-up but you must have separate connections for the audio and video portions. You may use cell phones for the audio if you have only one connection.

Who presents at one of these sessions?
Your Cooperative Learning Network will have one or more speakers who are recognized experts on the topic. Conferences typically include a Q&A session; you can ask questions by phone or instant messaging options.

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. Registrants if unable to participate will be provided credit for a future CLN or may opt to be sent a copy of the CLN PODCast following the event. 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 session meeting room. Sessions include one CPE 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 60-minute session designed to easily fit into your busy schedule.

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

Easy.
A telephone and computer are all the equipment you need. Just dial in and log-in to the system. That's it.

Ideal for multiple attendees.
Use a speakerphone and projector and invite as many people as you want to participate - at no extra cost to you.

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

Cooperative Learning Network

Equity Issues
Date: Thursday, November 16, 2006
Time: 11:00 AM ET / 10:00 AM CT / 09:00 AM MT / 08:00 AM PT [Prevailing Time]
Presenter(s): Joel J. Dahlgren, Esq., Lindquist & Vennum, PLLP and Lawrence J. Romuald, Vice President Finance-Treasurer, Cooperative Resources International
Objective: To learn if and how your Cooperative should consider managing accounting of patronage earnings and member expectations. Capital structure and legal issues will be highlighted.
Field of Study: Finance
Program Level: Basic
CPE Credit: 1 Credit Hour
Delivery Method: Group-Live

No advanced preparation or prerequisites are required for this course.

Course Description
You gotta die to get your equity in a Co-op! Ever heard that? Make you mad? If you're concerned about how to manage your Cooperative's allocated equity, you should plan to participate in this program. Theory says that those who own the Cooperative should also be the ones who use the Cooperative.

In your Cooperative, is there an alignment of users with owners? Or do you have a number of former members who continue to own the Cooperative because it is unable to redeem the allocated equity of those former members?

We will discuss capital structure and how your Cooperative should consider managing its accounting of patronage earnings, and why it is important to manage the expectations of the members and patrons of your Cooperative. All this and more! Bring your questions too because we will address issues that have probably been bugging you for a long time.

Presenter Bio(s)
Joel J. Dahlgren, Esq., is a partner in Lindquist & Vennum's Agribusiness & Energy Practice Group. He focuses his practice in the areas of agricultural, cooperative, business, debtor/creditor, cooperation and employment law.

Mr. Dahlgren's practice is augmented by nine years of hands-on experience working with cooperatives as a loan officer for the St. Paul Bank for Cooperatives and a business services manager for the CENEX / Land O'Lakes joint venture.

In addition to serving on the National Council of Farmer Cooperatives' Legal, Tax and Accounting Committees, Mr. Dahlgren is a member of the National Society of Accountants for Cooperatives, the American Agricultural Law Association, and the Agricultural Law Section of the American Bar Association. He is also active in state co-op federations, such as the Minnesota Association of Cooperatives and the Wisconsin Federation of Cooperatives, and is an advisory committee member for the University of Wisconsin-Madison, Center for Cooperatives.

Mr. Dahlgren is the editor of SCOOP, a newsletter published by the National Society of Accountants for Cooperatiaves that is directed to small cooperatives. He has also authored several cooperative publications.

Joel is a graduate of University of Minnesota and obtained his J.D. from the University of Wisconsin.


Lawrence J. Romuald, Vice President, Finance with Cooperative Resources International has 33 years of experience with cooperatives. Larry was Board-elected as Vice President of Finance and Treasurer of 21st Century Genetics from 1989 to 1993 and Cooperative Resources International from 1993 to present. He has been employed for 20 years with CRI and its predecessor organizations. Prior to that time, he spent 12 years with Morning Glory Farms, a milk processing cooperative, as a Cost Accountant and Controller.

Larry holds a Bachelor's of Science Degree in Managerial Accounting from the University of Wisconsin-Green Bay. He is a Certified Public Accountant in the state of Wisconsin. His professional affiliations include past president of the Institute of Management Accountants, past president of the National Society of Accountants for Cooperatives, and he was recently elected as the NSAC National Director for the Great Lakes Chapter.

Larry has been a member of the NSAC Accounting and Auditing Committee and has participated in a research project identifying accounting standards for both domestic and international cooperatives.

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