NSAC Mission Statement and Goals

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.

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

Upcoming Events

NSAC 2026 Knowledge Exchange
December 7 - 8, 2026

NSAC 2026 Knowledge Exchange

What is the Knowledge Exchange? Not a Conference. Not a Presentation. More than a Roundtable. Have you ever sat in a conference session wishing you could ask a follow-up question directly related to your cooperative? Wondered how other cooperatives are addressing the same challenge you’re facing? Or wished you could hear what industry experts would say about your situation? That’s exactly what the NSAC Knowledge Exchange is ...

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Accounting 101 for Electric Cooperatives - Part 1: The Balance Sheet
August 5, 2026

Accounting 101 for Electric Cooperatives - Part 1: The Balance Sheet

This session provides an overview of the history and purpose of the Uniform System of Accounts (USOA) and its role in electric cooperative financial reporting. Participants will gain a practical understanding of balance sheet accounts, including assets, liabilities, and equities, and how transactions are classified and reported. The course is designed to help accounting and operations personnel build a strong foundation in cooperative accounting ...

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Behavioral Ethics: Navigating Ethical Decisions, Fraud Risks, and Professional Responsibility
August 12, 2026

Behavioral Ethics: Navigating Ethical Decisions, Fraud Risks, and Professional Responsibility

Ethics and integrity are the foundation of the accounting profession and essential to maintaining the trust placed in financial professionals and cooperatives. This 60-minute session explores how accounting and finance professionals can navigate ethical dilemmas, regulatory responsibilities, and fraud risks in today’s evolving business environment. Through real-world case studies and practical discussion, participants will examine the ...

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Recent Happenings

Help Shape Cooperative Education: NSAC Call for Presentations

Help Shape Cooperative Education: NSAC Call for Presentations

Do you have a topic you'd like to recommend for the next webinar or conference? Know an industry expert who would make a great presenter? Or are you or someone from your organization interested in sharing your expertise with the cooperative community? We'd love to hear your ideas!  We're looking for: Timely topics and emerging issues that affect your cooperative. Recommendations for engaging speakers and subject matter ...

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NSAC Announces 2026–2027 Scholarship Recipients

NSAC Announces 2026–2027 Scholarship Recipients

Investing in the next generation of leaders is one of the most meaningful ways NSAC supports the cooperative community. Through its annual Scholarship Program, the National Society of Accountants for Cooperatives is proud to help outstanding students pursue their educational goals while encouraging academic excellence, leadership, and lifelong learning. This year, NSAC received an impressive number of applications from exceptionally talented ...

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The Case Where the Chicken Comes Before the Egg

The Case Where the Chicken Comes Before the Egg

George v. Commissioner, T.C. Memo. 2026‑10 (Feb. 3, 2026) is one of the most consequential cases in the agriculture industry in recent years with respect to the research and development (R&D) credit under IRC §41. The U.S. Tax Court made it clear that agricultural innovation does not need a lab coat to qualify for the R&D credit. Production based experimentation, whether in barns, fields, or poultry houses, can count when aimed at ...

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