Basic A&A Session 1

Date: Tuesday, December 11, 2018
Time: 11:00 AM ET / 10:00 AM CT / 09:00 AM MT / 08:00 AM PT [Prevailing Time]
Presenter(s): Phil Miller, Asst. NSAC Education Director & Meegan Moriarty, USDA
Learning Objectives:
This will be a 3 part CLN covering, What is a Cooperative, Basic Co-op Tax and Basic Co-op Accounting. There will be a 1 hour lunch break from 1-2 PM ET.
Field of Study: Tax, Accounting and Specialized Knowledge
Program Level: Basic
CPE Credit: 3 Credit Hours
Delivery Method: Group Internet-based
Prerequisite(s): No advanced preparation or prerequisites are required for this course.
IMPORTANT NOTE:
Members should visit the Recordings Catalogue to view all available recordings for free and on-demand. Join NSAC today to enjoy this benefit.
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Course Description

Introduction to Co-ops

This 50-minute course is one of the modules contained in the NSAC Basic Accounting Course, taught at a basic level. The course discussion includes:
What is a Cooperative?
Cooperative History
Cooperatives in the Community
Benefits of Cooperative


Basic Co-op Taxation I

This 50-minute course is one of the modules contained in the NSAC Basic Accounting Course, taught at a basic level. The course discussion includes:
Tenets of Co-op Taxation
Co-op Taxation History
Applicable Internal Revenue Codes
Patronage Refunds
Section 521
Examples


Co-op GAAP

This 50-minute course is one of the modules contained in the NSAC Basic Accounting Course, taught a basic level. The course discussion includes:
GAAP Applicability
AICPA AcSEC SOP 85-3
AICPA Audit & Accounting Guide
FAS 71 Accounting for Regulation
Co-op GAAP Within FASB Codification

Presenter and Moderator Bios
Phil Miller retired as the Executive Secretary for the Virginia Cooperative Council headquartered in Richmond. His career experience includes thirty seven years with Southern States Cooperative. He was serving as the Vice-President and Controller at the time of his retirement from the organization. Previously he served in several internal audit roles and corporate accounting management before being promoted to Controller.

Meegan Moriarty analyzes federal and state cooperative policy for USDA?s Rural Business Cooperative Service. She leads a nationwide project researching, comparing, and analyzing state cooperative statutes. Previously she worked in the National Tax office of Ernst and Young tracking and analyzing federal tax legislation and regulations and consulting with clients on business opportunities presented by tax law changes. She has a JD from Georgetown University Law Center and a BA from the University of Notre Dame.

Cost
Free for NSAC Members / $70.00 for Non-Members

Delivery System

  • All programs are delivered using the Zoom platform.
  • Confirmations will include log-in instructions.
  • Participants are able to participate using any device with an Internet connect (if the device does not have speakers, the participant can also dial-in) or they can participate with audio only by dialing in.
  • All registrants will receive a link to the CLN’s recording by email within 48 business hours of event’s conclusion.
  • There will be assistance available to help with technical and connectivity issues up to 10 minutes prior to the start of the presentation.

Registration

All registration is done on-line and each guest must provide their name and email address to participate. All NSAC members may register for free. Non-members may register for a nominal fee.

Refund Policy

NSAC will not issue refunds for CLNs. If a registrant is unable to participate in the CLN and provides notification to info@nsacoop.org 48 hours prior to the session, a credit will be provided for a future CLN. Alert the NSAC staff member monitoring the CLN if technical difficulties are encountered and technical support will be provided to eliminate problems with future CLNs.

Additional Information

Live participation is required for CPE credit and polling questions must be answered to document your active participation. All registrants will receive an email following the session with links to the slides and/or handouts, and a link to the CLN recording (unless otherwise stated). If you are unable to participate in the live session, you can still watch the recorded session, but you will not be eligible for CPE credits. Those eligible for credits will receive their certificate by email with 7 business days.

For more information regarding NSAC CLNs or administrative policies such as complaint and refund, contact the NSAC Headquarters, 7946 Clyo Road, Suite A, Centerville, OH 45459, 937-222-6707, or info@nsacoop.org.

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!

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. No advance preparation or prerequisites are required, unless otherwise stated in the course information. Attendees are able to download copies of the slides and/or handouts and are provided a link to view the recording (unless the description states the session will not be recorded). These tools help continue your learning experience after the session.

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 (#103068) 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.nasbaregistry.org.

Delivery Method: Group-Internet Based.

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 device with an Internet connection is all you need. If your device does not have sound capabilities, the ability to dial in from a telephone is available.

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

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.