Membership in the National Society of Accountants for Cooperatives (NSAC) is open to individuals employed by or affiliated with a cooperative organization as well as those who are engaged in providing professional services for cooperatives and those who are otherwise engaged in the furtherance of cooperative principals.
When joining NSAC, one becomes a member of the both the national organization and one or more chapters. NSAC has one chapter that is national in scope, the Electric Cooperative Chapter (ECC). The ECC is dedicated to serving rural utility advisors. Other chapters of NSAC are organized geographically.
These regional organizations provide education and information of special interest to members. They are especially valuable to members as they add a more localized component to membership. Members may affiliate with the chapter(s) of their choice.
Recent Happenings
FASB ISSUES Proposed Accounting Standards Update (exposure draft) DERIVATIVES AND HEDGING (Topic 815) and REVENUE FROM CONTRACTS WITH CUSTOMERS (Topic 606)
The Board is issuing the amendments in this proposed Update to address stakeholders’ concerns about (1) the application of derivative accounting to contracts with features based on the operations or activities of one of the parties to the contract and (2) the diversity in accounting for a share-based payment from a customer that is consideration for the transfer of goods or services. The proposed amendments are expected to (a) reduce the ...
More Information
The Cooperative Accountant Fall 2024
The Fall 2024 issue of The Cooperative Accountant (TCA) has been released! Focusing on cooperative-related issues, such as accounting and auditing, finance, cooperative management, legal and regulatory issues and taxation, this journal has become widely recognized as the industry standard. NSAC members, please log into Connect to view or download the latest issue.
More Information
Workplace Bullying: What it is and What to do about it
Workplace Bullying: What it is and What to do about it Workplace bullying is defined as “situations where an employee repeatedly and over a prolonged period is exposed to harassing behavior from one or more colleagues (including subordinates and leaders) and where the targeted person is unable to defend him/herself against this systematic mistreatment” (Nielsen & Einarsen, 2018, p.73). While the negative effects of ...
More Information