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!

Who presents the information for one of these courses?
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.

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. Member registrants, if unable to participate, will be provided with a link to the PODCast. 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 course meeting room. Sessions include one 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 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 computer, device and/or telephone are all the equipment you need.

CLNs are ideal for multiple attendees. Registrants may use a monitor and speakers/speakerphone and invite others to participate - at no extra cost to you. Additional attendees seeking CPE credit for viewing the session will incur a $10 fee per certificate request.

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.

For more information contact the National Office at 937-222-6707 or email to: info@nsacoop.org

Cooperative Learning Network

Topic: Introduction to Hedging
Date: Thursday, July 16, 2009
Time: 11:00 AM ET / 10:00 AM CT / 09:00 AM MT / 08:00 AM PT [Prevailing Time]
Presenter(s): Bob Beerup, CPA - Illinois Agricultural Auditing Association
Objective: At the conclusion of the presentation, the particpant will understand:
• the definition and purpose of hedging
• basic principles for effective hedging
• costs associated with hedging
• common hedging tools and strategies
• how and why hedging with futures works
Field of Study: Specialized Knowledge and Application
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 is intended to provide a basic introduction to the fundamentals of hedging in a broad sense – what it is, how and why it works, what it does and does not accomplish, and associated costs.

The presentation includes lecture and illustrations. The illustrations provided in the session will focus on the use of futures as a hedging tool in a grain elevator environment, but the basic principles will apply to any hedging scenario. This presentation focuses on the economic impact of hedging, not on the related accounting principles and procedures.

Presenter Bio(s)
Bob Beerup has been involved in the audits of farm supply and grain marketing cooperatives, other agribusiness organizations and nonprofit organizations for more than 30 years. Bob currently serves as an audit manager for the Illinois Agricultural Auditing Association, a cooperative public accounting firm. Bob also is a member of DBH & Associates, LLC, a traditional public accounting firm. IAAA and DBH serve clients in Illinois, Indiana, Iowa, Missouri, Kentucky, Wisconsin and Connecticut.

Bob is a long-term member of NSAC, currently serving as assistant editor of the “ACCTFAX” column of The Cooperative Accountant magazine. During Bob’s tenure with NSAC he has served as president, chair of the Accounting and Auditing Committee, chair of the Membership Development Committee and vice-chair of the TCA Committee. He has authored a number of articles that have been published in TCA, and has developed or updated several sections of NSAC’s basic and advanced cooperative accounting seminar materials. Bob is a frequent speaker on accounting and auditing topics for NSAC chapter meetings and other professional education events.

Bob has served as an industry expert in the AICPA’s annual updates to the Audit and Accounting Guide, “Audits of Agricultural Producers and Agricultural Cooperatives.” Bob also has represented cooperatives in testimony provided to the Financial Accounting Standards Board regarding accounting for business combinations and other accounting issues.

Bob is a member of the Illinois CPA Society and a past member of the board of directors of the Grain & Feed Association of Illinois.

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

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 submitted to the National Registry of CPE Sponsors through its website: www.learningmarket.org