Intermmediate A&A Session

Date: Tuesday, April 9, 2019
Time: 11:00 AM ET / 10:00 AM CT / 09:00 AM MT / 08:00 AM PT [Prevailing Time]
Presenters: Phil Miller, Asst. Education Director, National Society of Accountant for Cooperatives, Bill Erlenbush, Director of Education, National Society of Accountant for Cooperatives
Moderator:
Learning Objectives:
The Intermediate A&A session will introduce attendees to a higher level of accounting information beyond basic accounting, This will have 3- 1 hour sessions with a break for lunch.
Field of Study: Accounting
Program Level: Intermediate
CPE Credit: 3 Credit Hour- 3 1 hour sessions
Delivery Method: Group Internet-based
Prerequisite(s): Ohio
  Order Recording

Course Description

Hedging for Co-ops This 50-minute course is one of the modules contained in the NSAC Accounting Course, taught at an intermediate/advanced level. The course discussion includes: ? What is Hedging? ? Why Co-ops Hedge ? Commodities?Commodities ? Primary Trading Markets ? Over-The-Counter Markets ? Basic Hedging Instruments Risk Management for Co-ops This 50-minute course is one of the modules contained in the NSAC Accounting Course, taught at an intermediate/advanced level. The course discussion includes: ? Risk Management Defined ? Risk Management ? More Than Insurance ? Steps in a Risk Management Process ? Identifying and Assessing Risks ? Alternatives for Risk Management ? Commodity Risk Management ? Model Risk Management Program for Co-ops Hedge Accounting This 50-minute course is one of the modules contained in the NSAC Accounting Course, taught at an intermediate/advanced level. The course discussion includes: ? History of Hedge Accounting ? FASB No. 133 Basics ? FASB Codification ? The New Hedge Accounting Rules Issued in 2017 ? Effectiveness Example in old vs. new rules

Presenter and Moderator Bios

Presenter: Phil Miller, Asst. Education Director, National Society of Accountant for Cooperatives

 Philip W. Miller (Phil) retired in 2016 as the CEO for the Virginia Cooperative Council and the Virginia Foundation for Cooperation, both headquartered in Richmond, VA. In 2009 he retired as Vice President & Controller for Southern States Cooperative in Richmond, Virginia, after a thirty-six year career. While at Southern States, he served as an Internal Auditor, Senior Auditor, Assistant Manager of Internal Audit, Manager of Corporate Accounting and Assistant Controller before being promoted to Controller in 2000. Prior to his joining Southern States, Phil worked for 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.

Presenter: Bill Erlenbush, Director of Education, National Society of Accountant for Cooperatives

Bill Erlenbush is a Certified Public Accountant and retired as the controller and compliance officer from GROWMARK, Inc. He is currently the Director of Education for NSAC. Bill spent his entire career working in cooperative accounting at GROWMARK. His work experience includes all aspects of order control and billing, accounts receivable/payable, financial accounting and tax. As compliance officer, he had responsibility for the administration of the compliance and ethics program at GROWMARK and its subsidiaries and retail divisions. In addition, he was involved in negotiating major acquisitions for GROWMARK. Bill is past president of the Mclean County United Way Board of Directors as well as the past president of the Heartland Community College Foundation Board of Directors

Cost
Free 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.