General Article Archives

FASB Approve Accounting Update to Presentation and Disclosure by Not-For-Profit Entities for Contributed Nonfinancial Assets

FASB Approve Accounting Update to Presentation and Disclosure by Not-For-Profit Entities for Contributed Nonfinancial Assets

Published February 11, 2021

Originally Published in The Cooperative Accountant, Winter 2020 Issue. On September 17, 2020, the Financial Accounting Standards Board (FASB) issued an Accounting Standards Update (ASU) intended to improve transparency in the reporting of contributed nonfinancial assets, also known as gifts-in-kind, for not-for-profit organizations. Examples of contributed nonfinancial assets include fixed assets such as land, buildings, and equipment; the ...

Read More  
Revenue Planning During COVID-19 and Beyond

Revenue Planning During COVID-19 and Beyond

Published January 25, 2021

Originally Published in The Cooperative Accountant, Winter 2020 Issue Introduction The pandemic has brought overall economic slowdown and changes in social patterns resulting from impacts due to the SARSCoV-2 virus (COVID-19). This is making it more difficult for electric cooperatives to project future revenue patterns, and challenging to forecast future financial outcomes. This article discusses trends in revenue forecasting for the electric ...

Read More  
The Cooperative Accountant is Going Digital

The Cooperative Accountant is Going Digital

Published January 21, 2021

NSAC's quarterly technical journal, The Cooperative Accountant, often referred to as the TCA, is going digital!  Members will receive both the digital and printed versions of the winter 2020 edition, and the digital TCA will arrive through email and Connect thereafter. Watch below as Nick Mueting, NSAC President, and Bill Miller, NSAC Immediate Past President, discuss the new found benefits of the digital TCA.

Read More  

Session Highlight - General Session 2 (Thursday, August 4, 10-11am)

Published July 29, 2020

We are so excited to be joined by featured speakers Leif Oveson, Michael Daniels and Kelly Wismer for "Cooperating in a Pandemic: Broadband's Role in 2020"! As more light shines upon the digital divide, a new coalition of nationally known companies, cooperatives and associations are engaged in efforts to highlight the resources necessary to tackle the challenges of connecting rural America. Representatives from Land O'Lakes, NTCA, and ...

Read More  

2020 TFACC Tuesday Breakout Sessions Highlight

Published July 22, 2020

Have you checked out the 2020 TFACC schedule? This year’s TFACC has an education-packed schedule to provide you with the opportunity to earn 14 CPEs by participating live! Take a look at Tuesday, August 4’s breakout sessions below. For more event information and to register, please visit bit.ly/2020VirtualTFACC*All times on the schedule are EASTERN TIME. Please plan accordingly. 11:15am - 12:05pmSetting Financial ...

Read More