November 2017 Article Archives
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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COMPASS 2026 Hits the Right Note in Nashville
COMPASS 2026 brought together cooperative tax, accounting, and finance professionals in the heart of Nashville from May 4–6, 2026, for three days filled with education, collaboration, and connection. This year’s conference continued to build on the strong foundation of COMPASS by providing attendees with valuable learning opportunities, meaningful networking, and memorable experiences that highlighted the strength of the cooperative ...
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FASB ISSUES Accounting Standards Update 2026-01 EQUITY (Topic 505) – Initial Measurement of Paid-in-Kind Dividends on Equity-Classified as Preferred Stock - April 2026 Summary
Summary Why Is the FASB Issuing This Accounting Standards Update? The Board is issuing this Update to provide authoritative guidance on how an issuer should initially measure paid-in-kind (PIK) dividends on equity-classified preferred stock. The amendments do not affect an entity’s determination of when to recognize PIK dividends. Stakeholders expressed concerns that current generally accepted accounting principles (GAAP) do not address ...
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Final Regulations Under Section 4501 – Changes of Potential Interest to Cooperatives
Congress added Section 4501 to the Code as part of the Inflation Reduction Act of 2022, P.L. 117-58 (August 16, 2022). This section imposes a 1% excise tax on certain repurchases of corporate stock. Section 4501(b) limits applicability to corporations which are “covered corporations,” defined as “any domestic corporation the stock of which is traded on an established securities market (within the meaning of section ...
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FASB ISSUES Accounting Standards Update 2025-10 GOVERNMENT GRANTS (Topic 832) Accounting for Government Grants Received by Business Entities – December 2025
Summary Why Is the FASB Issuing This Accounting Standards Update? The FASB is issuing this Update to improve generally accepted accounting principles (GAAP) by establishing authoritative guidance on the accounting for government grants received by business entities. GAAP does not provide specific authoritative guidance about the recognition, measurement, and presentation of a grant received by a business entity from a government.
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