Accounting, tax, finance and business education uniquely tailored to cooperatives.

The National Society of Accountants for Cooperatives

The only professional organization dedicated to providing education, resources and connections to professionals exclusively involved in the financial management and planning of cooperatives.

The National Society of Accountants for Cooperatives (NSAC) is comprised of professionals actively involved with the financial management and planning of cooperatives. The Society strives to provide accounting, tax, finance and business education uniquely tailored to cooperatives, supports cooperatives in business interests, and offers networking and professional development opportunities and connections.

Events

Upcoming Events  |  CLN Workshops
2025 Technical Exchange
January 27 - 28, 2025

2025 Technical Exchange

Unlike any other, the 2025 Technical Exchange is here to immerse you in an extraordinary one-and-a-half-day fly-in event. Join us on January 27-28, 2025, and prepare to be part of something exceptional. Collaborate with top experts and peers within a small group setting. This facilitates intimate conversations centered around the challenges specific to your cooperative or the cooperatives you're engaged with. Walk away with actionable insights ...

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Property Insurance: Alternative Strategies & Solutions
November 7, 2024

Property Insurance: Alternative Strategies & Solutions

Join us for this 60-minute Zoom where Ross Milne, VP, Food & Agribusiness, Cottingham & Butler will provide an updated overview of the current property market and analyze the key factors shaping the landscape. The session will explore market drivers and present our outlook for 2025. But more importantly, we'll dive deeper into actionable strategies designed to help you achieve better outcomes in both the short and long term.

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Joint Ventures and Partnership Issues and How LLC Agreements Can Complicate
November 12, 2024

Joint Ventures and Partnership Issues and How LLC Agreements Can Complicate

This session deep dives into the intricate world of collaborative business structures, offering insights into the challenges and potential complications inherent in joint ventures, partnerships, and limited liability company (LLC) agreements. Through case studies and expert analysis, participants will gain a comprehensive understanding of the unique legal, financial, and operational considerations associated with these arrangements.

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Cash Mastery: A Deep Dive into Forecasting & Management
November 19, 2024

Cash Mastery: A Deep Dive into Forecasting & Management

Mastering cash flow is paramount. This 60-minute Zoom delves deeply into cash flow forecasting, management techniques, and the strategic application of budgeting. The goal of this session is to empower participants with the expertise and understanding needed to attain optimal liquidity, make well-informed financial choices, and steer toward sustained financial well-being.

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NSAC 2024 North Central Fall Meeting
November 21, 2024

NSAC 2024 North Central Fall Meeting

Save the date for the NSAC North Central Fall Meeting on Thursday, November 21 at Pinstripes in Edina, MN! Join us for 6 hours of CPE, including 1.5 hours of Ethics, followed by a social hour and indoor bocce ball fun. It’s the perfect blend of relevant education, networking, and friendly competition—don’t miss it!

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Happenings

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Internal Revenue Service Data Book 2023 Publication 55-B (April 2024

Internal Revenue Service Data Book 2023 Publication 55-B (April 2024

October 31, 2024

As in the past, this year’s IRS Data Book provides some information as to tax returns (Form 1120-C) filed by Subchapter T cooperatives. The Data Book aggregates Form 1120-C returns with other Form 1120 returns in the information it provides regarding the number of returns filed for fiscal years 2022 and 2023. So, it does not reveal the number of cooperative returns filed in those years in tables showing returns filed. However, it does ...

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FASB ISSUES Proposed Accounting Standards Update (exposure draft) DERIVATIVES AND HEDGING (Topic 815) and REVENUE FROM CONTRACTS WITH CUSTOMERS (Topic 606)

FASB ISSUES Proposed Accounting Standards Update (exposure draft) DERIVATIVES AND HEDGING (Topic 815) and REVENUE FROM CONTRACTS WITH CUSTOMERS (Topic 606)

October 10, 2024

The Board is issuing the amendments in this proposed Update to address stakeholders’ concerns about (1) the application of derivative accounting to contracts with features based on the operations or activities of one of the parties to the contract and (2) the diversity in accounting for a share-based payment from a customer that is consideration for the transfer of goods or services. The proposed amendments are expected to (a) reduce the ...

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The Cooperative Accountant Fall 2024

The Cooperative Accountant Fall 2024

October 1, 2024

The Fall 2024 issue of The Cooperative Accountant (TCA) has been released! Focusing on cooperative-related issues, such as accounting and auditing, finance, cooperative management, legal and regulatory issues and taxation, this journal has become widely recognized as the industry standard. NSAC members, please log into Connect to view or download the latest issue.

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Workplace Bullying: What it is and What to do about it

Workplace Bullying: What it is and What to do about it

September 10, 2024

Workplace Bullying: What it is and What to do about it Workplace bullying is defined as “situations where an employee repeatedly and over a prolonged period is exposed to harassing behavior from one or more colleagues (including subordinates and leaders) and where the targeted person is unable to defend him/herself against this systematic mistreatment” (Nielsen & Einarsen, 2018, p.73).  While the negative effects of ...

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