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!

Who presents the information for one of these courses?
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.

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 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.learningmarket.org.

Delivery Method: Group-Live.

CLN Policies
Refunds for CLNs are not provided. Member registrants, if unable to participate, will be provided with a link to the PODCast. Note PODCasts are not eligible for CPE credit.

For more information regarding refund, complaint and/or CLN cancellation policies, please contact our offices at (937) 222-6707 or info@nsacoop.org.

What does my registration include?
Your registration includes long-distance charges for the audio portion and log-in to the video presentation. All handouts and presentation files are downloadable and may be printed out or saved to the participant's computer once they are logged in to the course meeting room. Sessions include one Certificate of Attendance. Certificates for additional participants are $10.00 each.

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 computer, device and/or telephone are all the equipment you need.

CLNs are ideal for multiple attendees. Registrants may use a monitor and speakers/speakerphone and invite others to participate - at no extra cost to you. Additional attendees seeking CPE credit for viewing the session will incur a $10 fee per certificate request.

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.

For more information contact the National Office at 937-222-6707 or email to: info@nsacoop.org

Cooperative Learning Network

Intermmediate A&A Session
Date: Tuesday, April 09, 2019
Time: 11:00 AM ET / 10:00 AM CT / 09:00 AM MT / 08:00 AM PT [Prevailing Time]
Approximate Duration: 210 minutes
Presenter(s): Phil Miller, Asst. NSAC Education Director & Bill Erlenbush, Director of Education, NSAC
Objective: 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, Auditing and Taxes
Program Level: Intermmediate
CPE Credit: 3 Credit Hour- 3 1 hour sessions
Delivery Method: Group-Live

Basic A&A sessions 1 and 2 are helpful, but not necessary.

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 Bio(s)
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



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.

A PODCast of this workshop is now availble. Click here to order/view.

Additional Information

For more information regarding this series or administrative policies such as complaint and refund, please contact the NSAC National offices, 136 S. Keowee St., Dayton, OH 45402, 937-222-6707, email: info@nsacoop.org

The National Society of Accountants for Cooperatives (NSAC) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor 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 submitted to the National Registry of CPE Sponsors through its website: www.learningmarket.org