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

Private Company Council – Why It’s Important to Coops
Date: Wednesday, February 10, 2016
Time: 12:00 PM ET / 11:00 AM CT / 10:00 AM MT / 09:00 AM PT [Prevailing Time]
Presenter(s): Russ Wasson, CPA, Director of Tax, Finance and Accounting Policy, NRECA
Objective: This session will introduce participants to the Private Company Council, established in 2012 by the Financial Accounting Foundation (FASB’s oversight body), to improve the process of setting accounting standards for private companies. Learn what the PCC is, how the Council is impacting new standards, how co-ops are involved and why it is important that co-ops and NSAC stay involved in the process.
Field of Study: Accounting
Program Level: Basic
CPE Credit: 1 Credit Hour
Delivery Method: Group-Live

No advanced preparation or prerequisites are required for this course.

Course Description
This presentation will cover the history and evolution of accounting standards for private companies, such as cooperatives, under US GAAP. Recent developments with respect to the FASB’s Small Business Advisory Committee and the Private Company Council will be emphasized.

Presenter Bio(s)
Since January 2005, Russ has represented NRECA with respect to tax, finance and accounting policy. Russ is a trusted resource on those issues for NRECA members’ finance professionals and management, the professionals that advise our members, and staff, board members, and commissioners at related standard setting bodies and agencies. Russ has also led NRECA’s advocacy efforts at the Commodities Futures Trading Commission as the CFTC implements the Dodd-Frank Wall Street Reform and Consumer Protection Act and is responsible for the 76 comment letters NRECA filed on CFTC rulemakings since 2010. In 2015, Russ was appointed as an Associate Member of the CFTC’s Energy and Environmental Markets Advisory committee.

Russ served for five years as a member of the FASB Small Business Advisory Committee and participated in the Financial Accounting Foundation strategic focus group on the future direction of the FASB, in addition to serving on the Board of Directors of the Centre of Excellence in Accounting and Reporting for Co-operatives at St. Mary’s University in Halifax, NS. In 2014, Russ was appointed by the International Cooperative Alliance to their International Accounting Standards Working Group and the FASB Working Group on Government Assistance Disclosures.

Russ received his Bachelor of Science degree in accounting from the University of Arkansas at Little Rock in 1980. He became a CPA in 1980. Russ worked for Cajun Electric Power Cooperative from 1983 until 2000. As Vice President and Corporate Controller, Russ had forty four individuals in his division. After Cajun, Russ started a consulting firm that provided consulting services to electric cooperatives and an RTO. In 2001, Russ began teaching at Penn State’s Advanced School of Power Engineering which he continued to do until 2013. In 2014, Russ became a Global Chartered Management Accountant with the American Institute of Certified Public Accountants.

Russ has been a professional musician since age 14. Russ and his wife Diane are the proud parents of two daughters that live in Alabama and New York and are grand parents to twin granddaughters.

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