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.

2021 Tax Finance & Accounting Conference for Cooperatives
August 4, 2021

2021 Tax Finance & Accounting Conference for Cooperatives

2021 Tax Finance & Accounting Conference for Cooperatives (TFACC) offered in partnership with National Rural Electric Cooperative Association (NRECA) and NTCA–The Rural Broadband Association is the premier national conference for cooperative tax, finance and accounting professionals. This virtual program offers proven strategies, tools and resources to help your co-op increase efficiencies, improve financial controls, streamline regulatory ...

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Happenings

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FASB Updates Leases Standard for Variable Lease Payments

Aug 02, 2021

The Financial Accounting Standards Board released an accounting standards update to help lessors account for leases with variable lease payments. The accounting standards update amends the lease classification requirements for lessors so they aren’t required to recognize a loss upfront at the start of a sales-type lease if they eventually expect to make a profit. The leases standard puts leases on the balance sheet for the ...

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What Private Companies Get Wrong About Internal Controls

Jul 29, 2021

Why should private companies care about internal controls? These are the relevant controls each company should have in place to reasonably ensure their financial data is complete and accurate. The thoughtful development of a formalized internal control framework designed to address the processes deemed to be most vulnerable to misstatement or fraud can help with effective management of risk associated with it. Investors are increasingly ...

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How Companies Can Drum Up Enthusiasm for a Return to the Office and Vaccines

Jul 27, 2021

Companies should pick a concise strategy surrounding vaccines, allow employees to voice opinions on returning to the office, and be transparent about how decisions are made. As companies design plans to bring workers back into the office, chief human resources officers are contending with a plethora of issues. Do they mandate vaccines or simply urge employees to get them? How should hybrid schedules be decided and does innovation suffer when ...

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Disaster Recovery

Jul 27, 2021

Originally published in The Cooperative Accountant, Summer 2021 Issue Too many companies aren’t prepared to handle a disaster or business continuity event. Rather than putting it off indefinitely, companies need to make an effort to get a disaster recovery plan in place. The list below offers a series of steps that can be taken to reinforce the ability to bounce back from anything that may become a disaster – whether it’s ...

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