Mission Statement
NSAC serves cooperatives by providing accounting, tax and business education uniquely tailored to professionals working for and with cooperatives; providing networking and professional development opportunities for members, prospective members and others supporting the cooperative sector; and participating in standard-setting and implementation processes enabling members to effectively apply those accounting standards.
Goals
- Providing a superior membership experience through continuing EDUCATION on timely topics, issues and relevant information.
- Rededicating an expanded list of RESOURCES nationally and throughout the chapters, in support of recruiting and retaining members.
- Developing increased opportunities for networking and professional CONNECTIONS within the membership and with focused outreach to those new to the profession, throughout the industry and within the experienced cooperative arena.
Upcoming Events
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The Cooperative Compass
NSAC is excited to announce The Cooperative COMPASS - pointing accounting, tax, and finance professionals in the co-op industry towards an extraordinary educational and networking experience - taking place May 5-6, 2025 in vibrant Kansas City in cooperation with NSAC’s Mid-West Chapter. This unique conference is tailored specifically for professionals dedicated to the financial management and strategic planning of cooperatives. COMPASS ...
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Artificial Intelligence in Accounting and Auditing
In the last few years, the buzzword "AI" has become more and more common. In this session, we'll learn what AI really is, how it can be used to make your life easier, what it's limitations are. We'll also take a look at how Gardiner + Company is utilizing AI-aided audit tools to empower it's audit teams and provide clients with better insights and analysis of the financial performance.
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Risk Assessment: More Than Insurance
Effective risk assessment goes far beyond securing insurance—it’s about understanding and managing the broad spectrum of business risks that impact your cooperative's success. This session, designed for cooperative board members, takes a high-level look at key business risks, including interest rate fluctuations, industry-specific challenges, and regulatory policies. Explore unique risk factors such as commodity market volatility ...
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Cheers to 90 Years! NSAC is Celebrating a Milestone!
The National Society of Accountants for Cooperatives is thrilled to celebrate its 90th Anniversary—a milestone marking nine decades of supporting professionals in cooperative financial management and planning while advancing the cooperative model. Since 1935, NSAC has been the go-to for industry-specific education, resources, and connections. We’re kicking off the celebration in style at COMPASS, where attendees, both virtual ...
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In Tribute: Remembering Two Members of the NSAC Family
The National Society of Accountants for Cooperatives (NSAC) is deeply saddened to share the passing of two cherished members of our community. They will be profoundly missed for their presence, dedication, and the many ways they enriched our professional family. We extend our heartfelt condolences to their families, friends, and colleagues during this difficult time. Richard French The NSAC community has lost a cherished friend, member, and ...
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FASB ISSUES Accounting Standards Update 2024-04 DEBT – DEBT WITH CONVERSION AND OTHER OPTIONS (Subtopic 470-20) Induced Conversions of Convertible Debt Instruments - November 2024
The Board is issuing this Update to improve the relevance and consistency in application of the induced conversion guidance in Subtopic 470-20, Debt— Debt with Conversion and Other Options. When the terms of a convertible debt instrument are changed to induce conversion of the instrument, current generally accepted accounting principles (GAAP) provide guidance for determining whether the transaction should be accounted for as an induced ...
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