About NSAC

The National Society of Accountants for Cooperatives (NSAC) is a professional society, formed in 1936, comprised of approximately 1,500 individual members actively involved with the financial management and planning of cooperative business. NSAC members are either employed by a cooperative or provide professional services for cooperatives.

The National Society of Accountants for Cooperatives (NSAC) serves individual members and their respective organizations. Employees of cooperatives such as CFOs, controllers, tax directors/managers, accountants, bookkeepers, office managers, internal auditors, in-house legal staff, and other financial professionals are included as members. Professional service providers advising cooperatives such as CPAs, attorneys, banking professionals, government employees advising cooperatives and cooperative association employees are amongst members as well.

The organization provides professionals with education, resources, and connections needed to stay actively involved and on the cutting edge when it comes to the financial management and planning of cooperative business.

In 1935, auditors for the Northern States Cooperative League began holding regular meetings and discussing the need for collaboration and a more formalized organization. Out of these meetings, the National Society of Accountants for Cooperatives was formed:

1943 – Formally structures as an independent, nonprofit corporation
1948 – Begins publishing The Cooperative Accountant
1952 – Publishes first cooperative accounting report
1980 – Hires first professional manager
1998 – Organizes nationwide Electric Cooperative Chapter
2001 – Begins actively participating in FASB projects that impact co-ops
2008 – Becomes industry leader in international accounting standards development
2011 – Celebrates 75th Anniversary
2015 – Partners with the NRECA to bring the profession the premier tax, finance and accounting conference for cooperatives
2020 – Continues efforts to bring more virtual opportunities to professionals globally

Upcoming Events

A Day of Technical Exchanges
December 5 - 6, 2022

A Day of Technical Exchanges

A high value fly-in event encouraging peer networking and engagement with key influencers in working towards solutions for the emerging issues in the cooperative tax, accounting, and finance arena.

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Managing the Month-End Close
September 29, 2022

Managing the Month-End Close

The strategies and processes associated with month-ending closings are vital routines that should be implemented and continually refined and improved within an organization. Participants will take away several tips and time-saving ideas from this session such as implementing a calendar system to improve the timeliness of monthly close, evaluating existing accrual processes and implementing changes to expedite the close process, and additional methods to improve the monthly close process.

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The Texas Chapter Cooperative Conference for Accountants, Bookkeepers, and Controllers
September 30, 2022

The Texas Chapter Cooperative Conference for Accountants, Bookkeepers, and Controllers

Stay on Top of Industry Trends, Immerse Yourself in Good-Hearted Fun, and Form Long-Lasting Connections! Join us for this event designed exclusively for cooperative accountants, bookkeepers, and controllers. This highly-anticipated meeting will include a day of relevant programming and networking opportunities. Attendees will participate in several sessions that will enhance their understanding of current happenings within today's business environment, and hear from experts on topics relevant to the accounting and coop worlds. It's the perfect mix of business and pleasure. Don't miss out!

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