Scholarship Criteria and Eligibility
The Society will be awarding scholarships to graduating high school seniors or students currently enrolled in a college or university who have an interest in pursuing a career in cooperative accounting or finance.
The applicant will have an immediate family member (parent, guardian, or grandparent) who is a member of the National Society of Accountants for Cooperatives (NSAC), and expresses an interest, or declares a major in pursuing a career in cooperative business, accounting or finance. The applicant must be US citizen and the institution they attend must be in the United States. Scholarship funds will be sent to and made payable to the school of choice.
Applications must be submitted online by midnight local time by April 30 of each year. Official high school or post-secondary institution transcripts can be uploaded to the application or mailed directly to NSAC from the institution. Transcripts mailed must be postmarked no later than April 30.
Scholarship applicants will be notified of their application status by June 1 of each year.
INSTRUCTIONS AND ELIGIBILITY CRITERIA
Purpose
To provide ongoing support for NSAC members and their families and to encourage the pursuit of an advanced degree in accounting or finance with a focus or intent to pursue a career in cooperative accounting.
Application/Selection Process
- Visit our on-line application before April 30 of each year.
- Complete all sections of the application and submit on or before the stated deadline.
- Have a copy of your official transcripts uploaded with the application or sent directly from your institution to NSAC.
- Applications and transcripts will be verified for eligibility by the Selection Committee.
Recent Happenings
NSAC Congratulates 2024-2025 SCHOLARSHIP RECIPIENTS!
The NSAC would like to congratulate the scholarship recipients for the 2024-2025 academic school year! We're thrilled to announce that this year saw entries from many talented individuals, making it an exceptionally competitive selection process. The Society is proud to commend these outstanding students for their remarkable academic achievements, and we're confident they'll reach new heights in their pursuit of ...
More Information
ASU’s falling under ASC Topic 326 Update 2016-13 —Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments
This update was subsequently updated ASU2018-19, 2019-15, 2019-11, 2020-03, 2022- 02 Effective Date: Public entities that are U.S. Securities and Exchange Commission filers, this update is effective for fiscal years beginning after December 15, 2019, including interim periods within those fiscal years. For all other entities, as amended by ASU 2019-10, fiscal years beginning after December 15, 2022, including interim periods within those fiscal ...
More Information
FASB ISSUES ASU 2023-08 December 2023 INTANGIBLES – GOODWILL AND OTHER – CRYPTO ASSETS (SUBTOPIC 350-60) Accounting for the Disclosure of Crypto Assets
Why Is the FASB Issuing This Accounting Standards Update (Update)? The Board is issuing the amendments in this Update to improve the accounting for and disclosure of crypto assets. Stakeholder feedback, including from respondents to the 2021 FASB Invitation to Comment (ITC), Agenda Consultation, indicated that improving the accounting for and disclosure of crypto assets should be a top priority for the Board. Stakeholders stated that the ...
More Information