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

New FASB Standard for Multiemployer Pension Plans - Presented by: Russ Wasson, Director of Tax, Finance & Accounting, NRECA
Date: Thursday, December 15, 2011
Time: 11:00 AM ET / 10:00 AM CT / 09:00 AM MT / 08:00 AM PT [Prevailing Time]
Presenter(s): Russ Wasson, Director of Tax, Finance & Accounting, NRECA
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
This presentation will focus on Disclosures About Employer’s Participation in a Multiemployer Plan (ASC 715) approved by the FASB on September 21, 2011 and you will gain knowledge and insight into the history of accounting for multiemployer plans and the evolution of accounting for such plans over the past 40 years. Participants will also learn about the FASB’s new Accounting Standards Update on Employer’s Contributions to Multiemployer Plans and what the required disclosures are and how their cooperative can comply with this new accounting standard.

Russ Wasson is the NRECA Director of Tax, Finance and Accounting Policy. Russ received his Bachelor of Science degree in accounting from the University of Arkansas at Little Rock in 1980 and after graduation went to work for Arthur Young & Co. in New Orleans. He passed the November 1980 CPA exam. After two years with Arthur Young, Russ went to work for Ernst & Whinney in Baton Rouge. One year later, he was hired by his client, Cajun Electric Power Cooperative, as their first tax manager. Russ worked at Cajun from 1983 until their assets were sold to an affiliate of XCEL Energy of Minneapolis in 2000. At the time of his promotion to Vice President and Corporate Controller, Russ had forty four individuals in his Division. At the conclusion of the Cajun bankruptcy, his Division had decreased to a total staff of twenty one. In 2001, Russ began teaching at Penn State’s Advanced School of Power Engineering. Russ started at NRECA on January 10, 2005.

Presenter Bio(s)
Russ Wasson is the NRECA Director of Tax, Finance and Accounting Policy. Russ received his Bachelor of Science degree in accounting from the University of Arkansas at Little Rock in 1980 and after graduation went to work for Arthur Young & Co. in New Orleans. He passed the November 1980 CPA exam. After two years with Arthur Young, Russ went to work for Ernst & Whinney in Baton Rouge. One year later, he was hired by his client, Cajun Electric Power Cooperative, as their first tax manager. Russ worked at Cajun from 1983 until their assets were sold to an affiliate of XCEL Energy of Minneapolis in 2000. At the time of his promotion to Vice President and Corporate Controller, Russ had forty four individuals in his Division. At the conclusion of the Cajun bankruptcy, his Division had decreased to a total staff of twenty one. In 2001, Russ began teaching at Penn State’s Advanced School of Power Engineering. Russ started at NRECA on January 10, 2005.

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