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Has Coronavirus Changed Bookkeeping Forever?
The global health and economic crisis triggered by coronavirus is a heavy burden for businesses. Even those for whom remote working is possible had to solve the problem of accessing the data they...
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Ransomware Is Now the Biggest Online Menace You Need to Worry About - Here's Why
Ransomware attacks have overtaken credit card theft as the top form of cybercrime according to new data. Ransomware attacks have become more commonplace than payment card theft incidents for the...
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The Death of Traditional Accounting
It wasn’t that long ago that people drove their cars holding a large unfolded map in one hand, glancing at it now and then to determine when to make the next turn. Today, we look back and marvel at...
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FASB Proposes to Delay Leases and Rev Rec Standards Due to Coronavirus
The Financial Accounting Standards Board issued a proposed accounting standards update that would delay the effective date for one year for some private companies and nonprofits in applying its...
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Congress Should Leave Accounting Standards to FASB
In March, Congress passed the Coronavirus Aid, Relief and Economic Security (CARES) Act to help stabilize the U.S. economy in the wake of COVID-19. Included in the Act, and little noticed by the...
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The National Society of Accountants for Cooperatives (NSAC) is a professional society, formed in 1936, comprised of approximately1,500individual 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. They include, but are not limited to, accountants, chief financial officers, auditors, bookkeepers, chief executive officers, attorneys, bankers, tax professionals and other finance and accounting employees of cooperatives.

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