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

A&A Basic Course - Special Four Hour Module
Date: Thursday, November 20, 2008
Time: 11:00 AM ET / 10:00 AM CT / 09:00 AM MT / 08:00 AM PT [Prevailing Time]
Presenter(s): Don Frederick, NSAC Director of Education and Philip Miller, VP & Controller Southern States Cooperative
Objective: By providing a unique professional forum, similar to the CLN CPE webcasts, participants will have the opportunity to hear brief mini-lectures and analyze case studies involving co-op accounting issues.

Whatever the participant's background, we are certain this educational module will address many questions that may have arisen concerning cooperative structure, management and accounting issues unique to cooperatives.
Field of Study: Taxes, Business Management Organization & Accounting
Program Level: Basic
CPE Credit: 4 Credit Hours
Delivery Method: Group-Live

No advanced preparation or prerequisites are required for this course. However, materials will be sent to registrants prior to the session date.

Course Description
A live, 4 hour interactive learning module presented through the internet right to your computer

This course will cover the unique organizational and operational aspects of doing business on a cooperative basis, how cooperatives accumulate and manage their equity, Federal income taxation of cooperatives, Co-op GAAP, and cooperative financial statements.

CPE credits will be offered in the area of taxes, accounting and business management organization.

 Morning Course Outline – November 20 2008
11:00 AM EST – 1:00 PM EST

 Title / Topic / Presenter


 Field of Study

CPE Credits Issued

Basics of Cooperatives
(Don Frederick)

Discussion of cooperative organization and operation, how cooperatives are used by their members to meet challenges and seize opportunities and the roles of various people in the success of a cooperative.

Business Management & Organization



Cooperative Equities and Inter-Cooperatives Investments
(Phil Miller)

Understand common types of cooperative equities how each is calculated and identify circumstances for which type is appropriate.  Develop an understanding of the types of inter-cooperative investments and why they are made; identify accounting issues regarding investments, issues involving valuation of inter-cooperative investments.







B R E A K           1:00 PM EST – 1:30 PM EST          B R E A K

 Afternoon Course Outline – November 20, 2008
1:30 PM EST – 3:30 PM EST

(Don Frederick)

Understand fundamentals of cooperative taxation, how taxation affects the organization/operations of cooperatives.





Cooperative  GAAP and Financial Statements
(Phil Miller)

Explains GAAP pronouncements that specifically apply to cooperatives.  Discussion on the unique aspects of how various entries are treated in cooperative financial statements and reports.





Cost for Four Hour Module – A&A Basic Course”



Cost for Four Hour Course



Additional requested CPE  Certificate


Cost for Four Hour Course


Additional requested


(For all Registrants)
Materials emailed prior to Session


$110.00 per
Log In address
(This includes the cost of the course and a FREE
CPE Certificate)



$85.00 for each additional CPE requested


$160.00 per
Log In address
(This includes the cost of the course and a FREE
CPE Certificate)



$120.00 for
CPE requested

Basic Manual
(condensed for presentation)

Log In Instructions for Module

Individualized Sign In Sheet (signature & check box checked are required for issuance of CPE credit)

Course Evaluation Sheet

Internet Connection / Link

Dial In Toll Free Teleconferencing Number.

Presenter Bio(s)
On August 1, 2007, Donald A. Frederick began a new career as Director of Education for the National Society of Accountants for Cooperatives.

His responsibilities include preparing educational materials on cooperative accounting, auditing, finance, and taxation and coordinating development of program content for NSAC live and web-based educational seminars. Before joining NSAC, Don served for 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 time as a staff attorney in the Office of the General Counsel at USDA and several years on the legal staff of the National Council of Farmer Cooperatives.

Philip W. Miller is Vice President & Controller for Southern States Cooperative in Richmond, Virginia. He joined Southern States in 1973 as an Internal Auditor. After serving as a Senior Auditor, Assistant Manager of Internal Audit, Manager of Corporate Accounting and Assistant Controller, he was promoted to his current position in 2000. His current duties consist primarily of directing the control, accounting and financial reporting functions for the Company. Prior to his joining SSC, Miller worked as the Richmond area manager for the Ohio firm of Walden Inventory Services. Prior to that, he served for two years in the United States Army as a member of the President’s Honor Guard in Ft. Meyer,

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 licensed CPA in Virginia. He is a member of the AICPA, the AICPA Accounting Research Association and the Virginia Society of CPAs. He is a member of the VCU sponsored Controllers Executive Roundtable and serves on their Steering Committee.

He is a national director for 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 magazine, the Cooperative Accountant. He serves on the Board of Directors for the Virginia 4-H Foundation.

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