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

BUDGETING: Basics, Problems, Trends and Best Practices
Date: Thursday, February 11, 2010
Time: 11:00 AM ET / 10:00 AM CT / 09:00 AM MT / 08:00 AM PT [Prevailing Time]
Presenter(s): Phil Miller, Executive Secretary, Virginia Cooperative Council and Chris Headley, Assistant Controller- Southern States Cooperative, Inc.
Objective: Participants can expect to learn about:

• Budgeting Basics: The bare-bones of a simple basic budget will be discussed, including definitions and the processes for budgeting Sales, Gross Margins, Operating Expenses, Other Revenue and Deductions, Interest Expense and Income Taxes.

• Budgeting Problems: Certain budgeting problems will be discussed, including Over-budgeting, Under-budgeting, Lack of Goal Congruence, Lack of Flexibility, Building Upon Inefficiencies and Misuse.

• Budgeting Trends and Best Practices: The latest Trends and Best Practices will be discussed, including Top-down Budgets, Bottom-up Budgets, Rolling Budgets, Flexible Budgets and Web-based Budgeting Systems.
Field of Study: Finance
Program Level: Basic
CPE Credit: 1 Credit Hour
Delivery Method: Group-Live

No advanced preparation or prerequisites are required for this course.

Course Description
Mere mention of the word “budget” or “budgeting” brings fear and loathing –sometimes outright terror to many. To many managers, budgeting is a mysterious accounting process, to which they are unfairly subjected on an annual basis, over which they have little control, and for which they are held accountable.

This course will try to remove some of the mystery (and fear) from the budgeting process, and explain what budgets are and should be, how they are used (and sometimes misused), and also discuss some recent trends and best practices.

Presenter Bio(s)
Philip W. Miller is the Executive Secretary for the Virginia Cooperative Council headquartered in Richmond, VA. He recently retired as Vice President & Controller for Southern States Cooperative in Richmond, Virginia, 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. Prior to his joining Southern States, Phil worked for 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, Virginia. He was born in Nevada and grew up on a farm in southern Indiana.

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 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.

Phil his wife Vicki reside in Richmond, Virginia. In his spare time, Miller enjoys golf, reading, hiking and gardening.


Chris Headley is the Assistant Controller for Southern States Cooperative in Richmond, Virginia. He joined Southern States in 1997 as Accounting Manager in the Feed Division. He then served as Cost Accounting Manager, Manager of Corporate Accounting, and Controller of Retail Accounting.

In 2003, he joined Old Dominion Electric Cooperative as Manager of Budgeting and Cost Reporting. He returned to Southern States in 2005 as a Senior Business Analyst, Controller of the Petroleum Division, and then Director of Internal Audit. He assumed his current position in 2009. From 1985 to 1997, Headley worked for Virginia Power in various Commercial Operations and Financial Services positions. He was born in Charlottesville and has always lived in Virginia.

Chris received his BS in Finance from Virginia Tech in 1985, an MBA from The College of William and Mary in 1989, and a Post Baccalaureate Certificate in Accounting from Virginia Commonwealth University in 1997.

He is a licensed CPA in Virginia and also holds the Certified Management Accountant (CMA) and Certified Financial Manager (CFM) designations. He is a member of the Institute of Management Accountants, the American Institute of Certified Public Accountants, and the National Society of Accountants for Cooperatives, for which he currently serves as national director.

Chris and his wife Karen live in Richmond, Virginia. They have three adult children.

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