NSAC Happenings and Latest News - Page 6
FASB ISSUES Accounting Standards Update 2025-06 INTANGIBLES-GOODWILL and OTHER-INTERNAL USE SOFTWARE (Subtopic 350-40) – Targeted Improvements to the Accounting for Internal-Use Software - September 2025
Why Is the FASB Issuing This Accounting Standards Update? The Board is issuing this Update to modernize the accounting for software costs that are accounted for under Subtopic 350-40, Intangibles—Goodwill and Other—Internal-Use Software (referred to as “internal-use software”). Feedback from preparer and practitioner stakeholders on the 2021 FASB Invitation to Comment, Agenda Consultation, indicated that the ...
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Cooperative Leaders and Scholars Program
We wanted to share information about an upcoming opportunity that may be of interest to you or others in your network—the Cooperative Development Foundation’s (CDF) Cooperative Leaders & Scholars Program (CLS). CLS provides cross-sector leadership development and builds professional networks for new and emerging cooperative leaders and scholars. This 8-month fellowship provides opportunities to participate in multi-sector ...
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National Society of Accountants for Cooperatives Announces Peggy Maranan as 2026 Silver Bowl Award Recipient
The National Society of Accountants for Cooperatives (NSAC) is proud to announce that Peggy Maranan, Chief Financial Officer of DEMCO, has been selected as the 2026 recipient of the Silver Bowl Award, the Society’s highest and most prestigious honor. The Silver Bowl Award recognizes an individual who, over an extended period, has made exceptional contributions that enhance both the image and operations of the cooperative profession. Bestowed ...
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Balancing Mission and Modernization: The Future-Ready Finance Function in Electric Cooperatives
The financial landscape across all sectors is undergoing transformative change, driven by digital acceleration, workforce shifts, regulatory complexity, and the growing expectation for finance leaders to act not only as stewards of capital but also as strategic catalysts of organizational transformation. Deloitte’s 2026 Finance Trends Report (2025) identifies five emerging dynamics that are reshaping global finance functions: enhanced ...
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IRS Issues FAQs on New Overtime Deduction for Tax Professionals and Co-op Employers
The IRS and the Department of the Treasury have released guidance to help taxpayers and employers understand the new qualified overtime compensation deduction under the One, Big, Beautiful Bill (Pub. L. No. 119‑21). Individuals may deduct the portion of overtime pay that exceeds their regular rate of pay, generally the “half” portion of time‑and‑a‑half, for tax years 2025 through 2028. Fact Sheet 2026‑01, summarized in ...
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