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.
Registration open for the 2024 Tax, Finance & Accounting Conference for Cooperatives (TFACC) taking place in Orlando, Florida from July 28 to July 31, 2024. This is the must-attend event specially designed for professionals involved in the financial management and planning of cooperatives. TFACC stands out as the only conference that provides tailored education, resources, and networking opportunities in this field. Anticipate an enriching ...
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The 2025 Technical Exchange is here to immerse you in an extraordinary one-and-a-half-day fly-in event, unlike any other. Join us on January 27-28, 2025, and prepare to be part of something exceptional. This event is only open to NSAC Members. Space is limited, we sold out last year, and the event will fill up fast! DYNAMIC DISCUSSIONS, NOT MUNDANE PRESENTATIONSSay goodbye to mundane PowerPoint presentations! Our innovative program revolves ...
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Join us for an in-depth webinar tailored for cooperatives, where we will explore the complexities of accounting and taxation related to grants. This session will cover essential topics including grant tracking, financial reporting requirements, tax implications, and compliance strategies. Learn best practices for managing grant funds and optimizing tax benefits. Ideal for financial managers, accountants, and cooperative leaders looking to ...
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Join us for a comprehensive webinar as we explore the pressing industry challenges facing Cooperatives today. Discover the numerous benefits of a modern Equity and Patronage system designed to support the unique accounting needs, compliance requirements, and transparency requests of cooperative members. During this webinar, we will discuss: Industry challenges facing Cooperatives. Benefits of a modern cloud-based system to support your ...
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The NSAC would like to congratulate the scholarship recipients for the 2024-2025 academic school year! We're thrilled to announce that this year saw entries from many talented individuals, making it an exceptionally competitive selection process. The Society is proud to commend these outstanding students for their remarkable academic achievements, and we're confident they'll reach new heights in their pursuit of ...
This update was subsequently updated ASU2018-19, 2019-15, 2019-11, 2020-03, 2022- 02 Effective Date: Public entities that are U.S. Securities and Exchange Commission filers, this update is effective for fiscal years beginning after December 15, 2019, including interim periods within those fiscal years. For all other entities, as amended by ASU 2019-10, fiscal years beginning after December 15, 2022, including interim periods within those fiscal ...
Why Is the FASB Issuing This Accounting Standards Update (Update)? The Board is issuing the amendments in this Update to improve the accounting for and disclosure of crypto assets. Stakeholder feedback, including from respondents to the 2021 FASB Invitation to Comment (ITC), Agenda Consultation, indicated that improving the accounting for and disclosure of crypto assets should be a top priority for the Board. Stakeholders stated that the ...
Customer-centric finance departmentsExpectations for finance departments are increasing. Processes are becoming more complex. Regulations continue to increase. Those that rely on financial information to perform key business tasks are demanding the ability to make faster decisions. The finance department needs to keep changing and improving to keep up with these expectations. Efficiency and process improvement are a necessity because the ...