The Basic Cooperative Accounting Course
Date: Wednesday, November 28, 2007Time: 11:00 AM ET / 10:00 AM CT / 09:00 AM MT / 08:00 AM PT [Prevailing Time]
Presenters: Donald Frederick, Director of Education, NSAC, Philip Miller, Vice President & Controller , Southern States Cooperative
Moderator:
Learning Objectives:
By providing a unique professional forum, similar to the CLN CPE webcasts, participants will have the opportunity to hear brief mini-lectures and analyze case studies involving co-op accounting issues. Whatever the participant's background, we are certain this educational module will address many questions that may have arisen concerning cooperative structure, management and accounting issues unique to cooperatives.
Field of Study: Accounting, Taxes
Program Level: Basic
CPE Credit: 4 Credit Hours
Delivery Method: Group Internet-based
Prerequisite(s): No advanced preparation or prerequisites are required for this course.
Course Description
A live, 4 hour interactive learning module presented through the internet right to your computer! This course will cover the unique organizational and operational aspects of doing business on a cooperative basis. The participant will have the opportunity to learn about the many cooperatives right in their own community, the benefits of participating in a cooperative, and the legal foundation of cooperatives. CPE credits will be offered in the area of taxes, accounting and business management organization.
| Morning Course Outline – November 28, 2007 11:00 AM EST – 1:00 PM EST |
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| Title / Topic / Presenter | Description | Field of Study | CPE Credits Issued |
| Basics of Cooperatives (Don Frederick) |
Discussion of cooperative organization and operation, how cooperatives are used by their members to meet challenges and seize opportunities and the roles of various people in the success of a cooperative. | Business Management & Organization | 1 |
| Cooperative Equities and Inter-Cooperatives Investments (Phil Miller) |
Understand common types of cooperative equities how each is calculated and identify circumstances for which type is appropriate. Develop an understanding of the types of inter-cooperative investments and why they are made; identify accounting issues regarding investments, issues involving valuation of inter-cooperative investments. | Accounting | 1 |
| B R E A K 1:00 PM EST – 1:30 PM EST B R E A K | |||
| Afternoon Course Outline –November 28, 2007 1:30 PM EST – 3:30 PM EST |
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| Taxation (Don Frederick) |
Understand fundamentals of cooperative taxation, how taxation affects the organization/operations of cooperatives. | Taxes | 1 |
| Financial Statements (Phil Miller) |
Understand the terminology typically used in financial accounting for cooperatives, identify the unique aspects of cooperative financial statements a) accounting principles and b) reporting formats. | Accounting | 1 |
| Cost for 4 Hour version of “The Basic Cooperative Accounting Course” | ||||
| Members | Members Additional CPE Certificate |
Non-Members | Non-Members Additional CPE Certificate |
Includes (For all Registrants) Materials emailed prior to Session |
| $110.00 per Log In (Includes 1 CPE Certificate) |
$85.00 each | $160.00 per Log In (Includes 1 CPE Certificate) |
$120.00 each | Basic Manual (condensed for presentation) Log In Instructions for Module Individualized Sign In Sheet (signature required for issuance of CPE credit) Course Evaluation Sheet Internet Connection / Link Dial In Toll Free Teleconferencing Phone No. |
Presenter and Moderator Bios
Presenter: Donald Frederick, Director of Education, NSAC
On August 1, 2007, Donald A. Frederick began a new career as Director of Education for the National Society of Accountants for Cooperatives. His responsibilities include preparing educational materials on cooperative accounting, auditing, finance, and taxation and coordinating development of program content for NSAC live and web-based educational seminars. Before joining NSAC, Don served for two decades as Program Leader for Law, Policy, and Governance with the Cooperative Programs group at the U.S. Department of Agriculture. Don's prior experience also includes time as a staff attorney in the Office of the General Counsel at USDA and several years on the legal staff of the National Council of Farmer Cooperatives. Philip W. Miller is Vice President & Controller for Southern States Cooperative in Richmond, Virginia. He joined Southern States in 1973 as an Internal Auditor. After serving as a Senior Auditor, Assistant Manager of Internal Audit, Manager of Corporate Accounting and Assistant Controller, he was promoted to his current position in 2000. His current duties consist primarily of directing the control, accounting and financial reporting functions for the Company. Prior to his joining SSC, Miller worked as the Richmond area manager for the Ohio firm of Walden Inventory Services. Prior to that, he served for two years in the United States Army as a member of the President’s Honor Guard in Ft. Meyer, Virginia. He was born in Nevada and grew up on a farm in southern Indiana. Phil received his BA in Economics from Berea College in 1968 and completed post graduate studies in Accounting at Virginia Commonwealth University in 1978. He is a licensed CPA in Virginia. He is a member of the AICPA, the AICPA Accounting Research Association and the Virginia Society of CPAs. He is a member of the VCU sponsored Controllers Executive Roundtable and serves on their Steering Committee. He is a national director for the National Society of Accountants for Cooperatives (NSAC), and served as national president of NSAC in 2001-2002. He serves as an editor and writer for NSAC’s national magazine, the Cooperative Accountant. He serves on the Board of Directors for the Virginia 4-H Foundation.
Presenter: Philip Miller, Vice President & Controller , Southern States Cooperative
Cost$110.00 for NSAC Members / $160.00 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.