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.

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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The Cooperative Compass
May 5 - 6, 2025

The Cooperative Compass

NSAC is excited to announce The Cooperative COMPASS - pointing accounting, tax, and finance professionals in the co-op industry towards an extraordinary educational and networking experience - taking place May 5-6, 2025 in vibrant Kansas City in cooperation with NSAC’s Mid-West Chapter. This unique conference is tailored specifically for professionals dedicated to the financial management and strategic planning of cooperatives. COMPASS ...

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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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Loper Bright Supreme Court Case and Implications for Tax Regulations
December 5, 2024

Loper Bright Supreme Court Case and Implications for Tax Regulations

Join us for an overview of the recent June 28, 2024 decision of the U.S. Supreme Court in Loper Bright Enterprises v. Raimondo overruling the Court’s 1984 decision in Chevron v. Natural Resources Defense Council, Inc. The Court in Chevron developed a two-part analysis doctrine of judicial deference to Executive Branch agencies where courts have routinely sustained agency regulatory interpretations of statutes as reasonable under the Chevron ...

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In the Merger Mix: GAAP and Tax Strategies for Seamless Integration
December 10, 2024

In the Merger Mix: GAAP and Tax Strategies for Seamless Integration

Explore GAAP and tax considerations in the context of mergers and acquisitions; including accounting and tax strategies that foster seamless integration, ensure compliance, optimize financial reporting, and maximize the benefits of the combined entities. Patronage considerations pre and post-merger will also be discussed. 

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ROI for Electric Cooperatives

ROI for Electric Cooperatives

November 14, 2024

Investopedia defines ROI as “a ratio that measures the profitability of an investment by comparing the gain or loss to its cost” (Beattie, 2024, para. 1). Beattie goes on to point out that ROI is calculated by subtracting the initial cost of the investment from its final value, then dividing this new number by the cost of the investment, and finally, multiplying it by 100. This value is then represented as a percentage of ROI. ROI ...

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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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