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.
The Tax, Finance & Accounting Conference for Cooperatives is the premier annual conference for those professionals working working in this space. The complete program and registration for the 2021 event will be available the first week of April 2021.
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Having a strong and healthy finance function is important to every effective organization. But there are many challenges that can weaken an organization's finance function at its core including turnover in key positions, too few internal controls, doubtful data, too many time-consuming manual processes, having your best thinking depend on complicated Excel schedules, and finding it impossible to get financial statements done on time. Do any of ...
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Please join us for the NSAC Texas Chapter Spring Meeting: The Cooperative Conference for Accountants, Bookkeepers, and Controllers on March 12, 2021 | 9:00AM – 12:00PM CT | 10:00AM – 1:00PM ET. Agenda includes the topics: Texas Sales Tax Updates and Refresher, An Examination of the 2021 Legislative Session Protocols, and an Accounting and Auditing Update. There are no fees for this event. CPE Credit available.
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SAVE THE DATE! Join us on March 24, 2021, 11:00 AM ET for The Co-op Accounting Course. This CLN features an educational Accounting and Auditing series: Co-op Equity, Co-op Taxation, Co-op GAAP. Free for NSAC Members. Details coming soon.
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Common in smaller cooperatives, and even in some of the larger cooperatives, providing the staff size necessary to properly segregate duties for internal control purposes is just not feasible. This segregation of duties dilemma leads many to incorrectly conclude that many organizations can't have good internal controls. This 60-minute session counters that conclusion by focusing on those controls and processes that can be implemented to help ...
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Originally Published in The Cooperative Accountant, Winter 2020 Issue On July 28, 2020, the Treasury Department released final regulations with guidance on applying the limitations on the deductibility of business interest expense (BIE) under IRC Section 163(j) (the Final Regulations), which was significantly modified by the Tax Cuts and Jobs Act (TCJA) and then temporarily modified by the Coronavirus Aid, Relief, and Economic Security Act ...
You’ve planned a great gathering for your team. Now it’s time to start it off right. Meetings that just happen by default waste precious time, invite poor decisions, add to exhaustion, and fray relationships. Given these risks, I proposed in a previous article that successful meetings are intentionally designed. The basic idea is that to support people and move critical objectives forward, leaders need to ask themselves four ...
Financial executives feel that the requirements for documenting their organization’s internal controls are getting to be too much and many of them are behind the curve when it comes to applying technology for internal control over financial reporting, according to a new report. The report, from Financial Executives International’s Financial Education & Research Foundation, is based on a survey of 145 FEI members at 12 large ...
No matter how many job interviews you’ve gone through, it’s perfectly normal to get nervous beforehand. You might be unable to sleep the night before or feel your stomach tying up in knots as the meeting time draws closer. If nervousness about a job interview becomes overwhelming, it can hinder your performance. Luckily, there are several things you can do to help alleviate your anxiety. Below, 15 members of Forbes Human Resources ...