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

Basic A&A Seminar
Date: Tuesday, December 12, 2017
Time: 11:00 AM ET / 10:00 AM CT / 09:00 AM MT / 08:00 AM PT [Prevailing Time]
Presenter(s): Phil Miller, NSAC Assistant Director of Education and Don Frederick, Retired
Objective: This 4-hour, 4-CPE credit course, is designed for new hires and other employees of cooperatives and firms serving cooperatives that can benefit from training in the unique nature of cooperatives.
Field of Study: Accounting, Auditing and Taxes
Program Level: Basic
CPE Credit: 4 Credit Hour
Delivery Method: Group-Live

No advanced preparation or prerequisites are required for this course.

Course Description
This 4-hour, 4-CPE credit course, is designed for new hires and other employees of cooperatives and firms serving cooperatives that can benefit from training in the unique nature of cooperatives.

Introduction to Cooperatives ? Donald Frederick (11:00 am - 12:00 pm)
During this presentation we explain the foundation for doing business on a cooperative basis, with special emphasis on the owner-customer role of a co-op's members. We discuss the rich history of cooperatives in America, the many types of cooperatives in our communities, and conclude with an examination of the benefits of having businesses operate as cooperatives.

Equity Management & Inter-Cooperative Investments ? Phil Miller (12:00 pm ? 1:00 pm)
The course discusses the various types of Cooperative Equity and introduces the concepts of Equity Redemption. It discusses the Components of Inter-Cooperative Investments and why Co-ops so often invest in each other. It covers Balance Sheet and Income Statement Presentation, Timing and Recognition issues, Footnote Disclosures, and Impairment Questions related specifically to Inter-Cooperative Investments.

Lunch (1:00 pm - 1:30 pm)
The audio portion of the CLN will be suspended during this time.

Basic Cooperative Taxation ? Donald Frederick (1:30 pm ? 2:30 pm)
During this session we discuss the unique Federal income tax treatment of cooperatives. We focus on how tax law supports equity accumulation by cooperatives, particularly the patronage refund. We conclude by providing a set of tools to facilitate tax planning by cooperatives and their professional advisers.

Co-op GAAP ? Phil Miller (2:30 pm - 3:30 pm)
The course discusses how all GAAP is applicable to co-ops, but also how some GAAP applies specifically to only co-ops. We will discuss the two single pieces of GAAP that form the basis for Co-op GAAP, plus one piece of GAAP that applies to electric co-ops. We will discuss how NSAC has contributed to the body of Co-op GAAP over the years and will finish with a discussion of the new FASB Codification and how Co-op GAAP is contained within the Codification.

Presenter Bio(s)
Don Frederick , Retired From August 2007 until March 2012, Don Frederick served as NSAC's Director of Education. His responsibilities included preparing educational materials on cooperative accounting, finance, and taxation and coordinating 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. Don?s prior experience also includes 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."

Phil Miller , Executive Secretary, Virginia Cooperative Council
Phil W. Miller. He recently retired as Vice President and Controller for Southern States Cooperative in Richmond, 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. 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. He is a former National Director of the National Society of Accountants for Cooperatives (NSAC), and served as National President of NSAC in 2001-2002. He serves as an editor and writer for NSAC?s national journal, The Cooperative Accountant, and as an Assistant Education Director for NSAC.

Registration

To register, click here.

All registration is done on-line. Include the name(s) of the session(s) for which you would like to register and the email address to which program information should be forwarded – the primary registrant. Log in details will be emailed to all primary registrants one day prior to each session.


Fees and Payment Procedures

  • The fee for each participant location is $85.00 for NSAC members and $100.00 for non-members. For sites with more than one participant, log in must be completed in the name of the key contact. A participant sign-in sheet will be sent in advance of all sessions and the names of actual participants can be changed or added at this point. Each log-in site includes one Certificate of Attendance for CPE purposes. Additional registrants may request a Certificate of Attendance for CPE purposes for $0.00 each for members and $0.00 each for non-members.
  • (Example: An NSAC member signs up for a 1 hour CLN and the registration has three total participants, two people other than the member that desire CPE. The fees would be $85.00 + $0 for a $85.00 total.)
  • Invoicing is available to NSAC member sites only. Non-members must pay in advance by check or by credit card. All payments will be made directly to NSAC.

Delivery System

  • All programs will be delivered using Adobe Connect. Participants may start logging in 20 minutes prior to start time. Participants must call the toll-free conference phone number to access the audio portion of the presentation. Participants’ phone lines are automatically muted upon connection to the call.
  • All participants should have Internet access (high speed access recommended but not required), a land-line based telephone and be in a private setting. For more than one participant per participant location, a quiet conference room with a large monitor/screen and speaker phone is suggested.
  • There will be assistance available to assist with procedural, downloading or connection issues 5 minutes prior to the start of the presentation.

System requirements to use Adobe Connect:
Adobe Connect only requires that you have an internet connection, a web browser, and Adobe Flash Player version 10.1 or greater to attend a webinar. Adobe Connect supports nearly any operating system including Windows, Macintosh, Linux and Solaris, as well as the most widely used browsers including Internet Explorer, Firefox, Safari, and Chrome.

Refund Policy

NSAC will not issue refunds for Cooperative Learning Networks. If a registrant is unable to participate in the Cooperative Learning Network and provides written notification (email message is acceptable) to the Society within 48 hours of the session, and if log in instructions have not been emailed to the registrant, NSAC staff will remove your name from the registration list and a charge should not incur.

Log Ins

Participants can log-into a session up to one half hour prior to the start time of the session. You may then download the day's presentation files from the download screen, print them out to follow along with the speaker. If you experience difficulty downloading please call our office immediately at 937-222-6707.  For those registrants who may experience difficulty logging in to the video portion of the Cooperative Learning Network session please connect to the audio portion for audio participation. The live-portion, which is the audio part of the presentation)is considered the portion required for CPE credit.

PODCasts:

A PODCast may be sent to the registrant that had difficulty logging into the session.  If this difficulty resulted in the registrant missing the CLN presentation entirely, please notify the NSAC office of this situation via email. 

Special arrangements may be made with the NSAC host regarding a PODCast substitute.  Note:  PODCasts are NOT available immediately following the conclusion of the presentation.

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