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Key Financial Considerations for Electric Cooperatives Implementing Distributed Energy Resources (DER) Programs

Key Financial Considerations for Electric Cooperatives Implementing Distributed Energy Resources (DER) Programs

Published May 14, 2025

Introduction As electric cooperatives evaluate the implementation of Distributed Energy Resources (DERs) Programs, finance professionals must carefully evaluate financial, regulatory, and operational impacts of any programs under consideration. A well-structured DER program for an electric cooperative aligns technology, infrastructure, financial models, policy, and consumer engagement to maximize grid reliability, cost-effectiveness, and member ...

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FASB Issues Standard That Clarifies Guidance for Identifying the Accounting Acquirer in a Business Combination

FASB Issues Standard That Clarifies Guidance for Identifying the Accounting Acquirer in a Business Combination

Published May 12, 2025

The Financial Accounting Standards Board (FASB) today published an Accounting Standards Update (ASU) that improves the requirements for identifying the accounting acquirer in FASB Accounting Standards Codification® Topic 805, Business Combinations. The ASU is based on a recommendation of the Emerging Issues Task Force (EITF). “The new ASU is the first recommendation from the recently reconstituted EITF to be issued ...

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In Tribute: Remembering Two Members of the NSAC Family

In Tribute: Remembering Two Members of the NSAC Family

Published April 17, 2025

The National Society of Accountants for Cooperatives (NSAC) is deeply saddened to share the passing of two cherished members of our community. They will be profoundly missed for their presence, dedication, and the many ways they enriched our professional family. We extend our heartfelt condolences to their families, friends, and colleagues during this difficult time. Richard French The NSAC community has lost a cherished friend, member, and ...

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FASB ISSUES Accounting Standards Update 2024-04 DEBT – DEBT WITH CONVERSION AND OTHER OPTIONS (Subtopic 470-20) Induced Conversions of Convertible Debt Instruments - November 2024

FASB ISSUES Accounting Standards Update 2024-04 DEBT – DEBT WITH CONVERSION AND OTHER OPTIONS (Subtopic 470-20) Induced Conversions of Convertible Debt Instruments - November 2024

Published April 16, 2025

The Board is issuing this Update to improve the relevance and consistency in application of the induced conversion guidance in Subtopic 470-20, Debt— Debt with Conversion and Other Options. When the terms of a convertible debt instrument are changed to induce conversion of the instrument, current generally accepted accounting principles (GAAP) provide guidance for determining whether the transaction should be accounted for as an induced ...

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When a Small Cooperative Prevails in Litigation With the IRS, It May Be Entitled To Recover Some of Its Costs

When a Small Cooperative Prevails in Litigation With the IRS, It May Be Entitled To Recover Some of Its Costs

Published April 2, 2025

Under certain limited circumstances, a taxpayer that substantially prevails in a tax dispute with the IRS may be able to recover a portion of its administrative and legal expenses (including attorney’s fees). See, Section 7430 of the Internal Revenue Code. Taxpayers eligible for recovery include individuals whose net worth at the time the civil action was filed did not exceed $2 million. Relief is also available for unincorporated ...

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