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?

No wasted time. Get right to the heart of the matter in a 60-minute session designed to easily fit into your busy schedule.

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.

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.

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

Professionally Speaking: Accounting Trends That Are Shaping the Future
Date: Wednesday, September 24, 2008
Time: 11:00 AM ET / 10:00 AM CT / 09:00 AM MT / 08:00 AM PT [Prevailing Time]
Presenter(s): Thomas E. Kandel, Senior Accountant, Regulatory Affairs - National Rural Utilities Cooperative Finance Cooperation
Objective: To identify and define several emerging professional accounting trends, provide current insights and observations as to their significance and implications as well as prepare individuals to become more actively engaged in monitoring and interpreting the implications of these trends on behalf of their organizations.
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
The competitive nature of financial markets and the world economy is becoming more and more of a driving force in the search for the “Holy Grail” of universal accounting and financial reporting standards. The tide is shifting at an unprecedented pace and mostly into international waters. To date, more than 100 countries have adopted or have set future dates to adopt International Financial Reporting Standards (IFRS), the equivalent of “international GAAP.” Can one size fit all? Who will enforce the principals-based standards promulgated by the International Accounting Standards Board (IASB)? What will it take to be able to become “fluent” in this new international accounting language?

The purpose of this timely presentation, “Professionally Speaking—Accounting Trends That Are Shaping the Future,” is to introduce and define several professional accounting trends that are shaping the accounting profession and business organizations both domestically and internationally. While the primary emphasis is on international accounting convergence, the presentation will address other important, related trends including international auditing convergence, the status of the IASB project on private entities (formerly referred to as Small and Medium Entities), the use of XBRL (Extensible Business Reporting Language) and other pertinent subjects.

The presentation is organized to appeal to a variety of professionals. While essential material and information for business professionals, it should be of interest to less technical observers who want to be more informed of the trends and their potential implications on the broader economy, investing and other areas. For cooperative accounting and financial professionals, it is particularly important that you become knowledgeable in order to foresee and interpret the implications of these trends on behalf of your organization. Get onboard before the train reaches bullet speed!

Presenter Bio(s)
Tom Kandel joined CFC in 2006 as Senior Accountant, Regulatory Affairs. In this capacity, he provides accounting and ratemaking expertise to CFC and its member cooperatives. This includes (a) reviewing and interpreting Financial Accounting Standards Board (FASB), Federal Energy Regulatory Commission (FERC), Rural Utilities Service (RUS) and other authoritative accounting guidance; (b) actively participating in regulatory ratemaking activities and proceedings; and (c) representing CFC on several utility industry-related accounting and tax committees.

Tom’s professional background includes a number of years of senior-level administrative accounting and financial experience in the electric utility industry. Most recently, he served as Vice President and Chief Financial Officer for Southern Maryland Electric Cooperative (SMECO), Hughesville, Maryland from 1996 to 2006. During all or part of his ten years with SMECO, he was responsible for the organization’s accounting and financial functions (including accounting, financial reporting, cash management, financing, ratemaking, customer billing, credit and collections, budgeting and financial forecasting activities).

Tom has a B.S. in Business degree from Miami University and an M.B.A degree from Xavier University. He is a Certified Public Accountant, licensed in Ohio and Virginia, and a member of the American Institute of Certified Public Accountants (AICPA), Maryland Association of Certified Public Accountants (MACPA) and National Society of Accountants for Cooperatives (NSAC).

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