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

2022 Tax, Finance & Accounting Conference for Cooperatives
July 31 - August 3, 2022

2022 Tax, Finance & Accounting Conference for Cooperatives

Make sure you save the date for the 2022 Tax, Finance & Accounting Conference for Cooperatives! The conference is being held IN-PERSON in San Antonio from July 31-August 3, 2022. TFACC is the premier national conference for cooperative tax, finance and accounting professionals. TFACC is a can't miss event, as it is the only conference uniquely tailored to providing education, resources and connections to professionals involved in the ...

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Financial Forecasting
October 28, 2021

Financial Forecasting

Is your cooperative forward looking? Is it preparing financial forecasts? This session will focus on some of the objectives for forecasting. What tools and information are required to prepare a forecast? Tips will be shared on how to validate a forecast. Discussion will include where and how the forecast can be used?

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Tax Director Duties for Ag Coops: What Does a Tax Director Do?
November 1, 2021

Tax Director Duties for Ag Coops: What Does a Tax Director Do?

Do you want to know more about the roles and duties of a Tax Director working for an Agricultural Coop? Are you curious about how cooperative tax law applies specifically to farmer coops, and how this taxation impacts the amount and type of refund distributed? In this session, attendees will explore the unique set of tax rules that apply to famer owned cooperatives, and how these rules affect the overall role of a Tax Director at an AG Coop. This CLN will cover the specific types of taxes administered by in-house tax departments, what types of tax audits are typically encountered by AG Coops, and how advocacy can be used to affect tax legislation impacting coops. Participants will walk away with an understanding of the stipulations that exist within the agricultural industry, and how an AG Coop Tax Director executes strategic tax compliance and planning based on these specific tax implications.

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