Equity Issues

Date: Thursday, November 16, 2006
Time: 11:00 AM ET / 10:00 AM CT / 09:00 AM MT / 08:00 AM PT [Prevailing Time]
Presenters: Joel J. Dahlgren, Esq, partner, Lindquist & Vennum, PLLP, Lawrence J. Romuald, Vice President Finance, Cooperative Resources International
Moderator:
Learning Objectives:
To learn if and how your Cooperative should consider managing accounting of patronage earnings and member expectations. Capital structure and legal issues will be highlighted.
Field of Study: Finance
Program Level: Basic
CPE Credit: 1 Credit Hour
Delivery Method: Group Internet-based
Prerequisite(s): No advanced preparation or prerequisites are required for this course.

Course Description

You gotta die to get your equity in a Co-op! Ever heard that? Make you mad? If you're concerned about how to manage your Cooperative's allocated equity, you should plan to participate in this program. Theory says that those who own the Cooperative should also be the ones who use the Cooperative. In your Cooperative, is there an alignment of users with owners? Or do you have a number of former members who continue to own the Cooperative because it is unable to redeem the allocated equity of those former members? We will discuss capital structure and how your Cooperative should consider managing its accounting of patronage earnings, and why it is important to manage the expectations of the members and patrons of your Cooperative. All this and more! Bring your questions too because we will address issues that have probably been bugging you for a long time.

Presenter and Moderator Bios

Presenter: Joel J. Dahlgren, Esq, partner, Lindquist & Vennum, PLLP

Joel J. Dahlgren, Esq., is a partner in Lindquist & Vennum's Agribusiness & Energy Practice Group. He focuses his practice in the areas of agricultural, cooperative, business, debtor/creditor, cooperation and employment law. Mr. Dahlgren's practice is augmented by nine years of hands-on experience working with cooperatives as a loan officer for the St. Paul Bank for Cooperatives and a business services manager for the CENEX / Land O'Lakes joint venture. In addition to serving on the National Council of Farmer Cooperatives' Legal, Tax and Accounting Committees, Mr. Dahlgren is a member of the National Society of Accountants for Cooperatives, the American Agricultural Law Association, and the Agricultural Law Section of the American Bar Association. He is also active in state co-op federations, such as the Minnesota Association of Cooperatives and the Wisconsin Federation of Cooperatives, and is an advisory committee member for the University of Wisconsin-Madison, Center for Cooperatives. Mr. Dahlgren is the editor of SCOOP, a newsletter published by the National Society of Accountants for Cooperatiaves that is directed to small cooperatives. He has also authored several cooperative publications. Joel is a graduate of University of Minnesota and obtained his J.D. from the University of Wisconsin. Lawrence J. Romuald, Vice President, Finance with Cooperative Resources International has 33 years of experience with cooperatives. Larry was Board-elected as Vice President of Finance and Treasurer of 21st Century Genetics from 1989 to 1993 and Cooperative Resources International from 1993 to present. He has been employed for 20 years with CRI and its predecessor organizations. Prior to that time, he spent 12 years with Morning Glory Farms, a milk processing cooperative, as a Cost Accountant and Controller. Larry holds a Bachelor's of Science Degree in Managerial Accounting from the University of Wisconsin-Green Bay. He is a Certified Public Accountant in the state of Wisconsin. His professional affiliations include past president of the Institute of Management Accountants, past president of the National Society of Accountants for Cooperatives, and he was recently elected as the NSAC National Director for the Great Lakes Chapter. Larry has been a member of the NSAC Accounting and Auditing Committee and has participated in a research project identifying accounting standards for both domestic and international cooperatives.

Presenter: Lawrence J. Romuald, Vice President Finance, Cooperative Resources International

Cost
$56.00 for NSAC Members / $70.00 for Non-Members

Delivery System

  • All programs are delivered using the Zoom platform.
  • Confirmations will include log-in instructions.
  • Participants are able to participate using any device with an Internet connect (if the device does not have speakers, the participant can also dial-in) or they can participate with audio only by dialing in.
  • All registrants will receive a link to the CLN’s recording by email within 48 business hours of event’s conclusion.
  • There will be assistance available to help with technical and connectivity issues up to 10 minutes prior to the start of the presentation.

Registration

All registration is done on-line and each guest must provide their name and email address to participate. All NSAC members may register for free. Non-members may register for a nominal fee.

Refund Policy

NSAC will not issue refunds for CLNs. If a registrant is unable to participate in the CLN and provides notification to info@nsacoop.org 48 hours prior to the session, a credit will be provided for a future CLN. Alert the NSAC staff member monitoring the CLN if technical difficulties are encountered and technical support will be provided to eliminate problems with future CLNs.

Additional Information

Live participation is required for CPE credit and polling questions must be answered to document your active participation. All registrants will receive an email following the session with links to the slides and/or handouts, and a link to the CLN recording (unless otherwise stated). If you are unable to participate in the live session, you can still watch the recorded session, but you will not be eligible for CPE credits. Those eligible for credits will receive their certificate by email with 7 business days.

For more information regarding NSAC CLNs or administrative policies such as complaint and refund, contact the NSAC Headquarters, 7946 Clyo Road, Suite A, Centerville, OH 45459, 937-222-6707, or info@nsacoop.org.

What is NSAC's Cooperative Learning Network?
The NSAC Cooperative Learning Network is a live, interactive webinar, and you can attend from any location with internet and/or telephone access. NSAC members can attend an unlimited number of CLNs at no charge!

Each Cooperative Learning Network will have one or more speakers who are recognized experts on the topic. CLNs typically include a Q&A session where participants can ask questions live or by chat. No advance preparation or prerequisites are required, unless otherwise stated in the course information. Attendees are able to download copies of the slides and/or handouts and are provided a link to view the recording (unless the description states the session will not be recorded). These tools help continue your learning experience after the session.

CPE Credits
The National Society of Accountants for Cooperatives (NSAC) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor (#103068) of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.

Delivery Method: Group-Internet Based.

Why NSAC Cooperative Learning Networks?

Fast.
No wasted time. Get right to the heart of the matter in a course designed to easily fit into your busy schedule.

Convenient.
No travel. No time out of the office. Listen and follow along from the comfort and convenience of your desk, device or conference room.

Easy.
A device with an Internet connection is all you need. If your device does not have sound capabilities, the ability to dial in from a telephone is available.

Ideal for multiple attendees.
Use a speakerphone and projector/monitor and invite as many people as you want to participate - at no extra cost to you.

Affordable.
NSAC Cooperative Learning Networks are free for members and available to non members at a fraction of the cost of travel and attendance fees for other high-priced conferences or seminars.