Welcome to the NSAC Website!
What Is NSAC? The National Society of Accountants for Cooperatives(NSAC) is comprised of professionals actively involved with the financial management and planning of cooperative business. NSAC strives to provide accounting, tax and business education uniquely tailored to cooperatives, supports cooperatives in business interests, and offers networking and professional developement opportunities.
What Members Say about NSAC
I am retiring at the end of the month and I will be staying in NSAC as a retired member. “It's been a good 30 years of active membership. I met lots of good people and received lots of valuable information. My replacement has already joined NSAC”.
RP (Ron Peterson) Minnesota.
NSAC's group-live, educational teleconferences uniquely tailored for cooperatives
Upcoming CLN Workshop(s):
Navigating Extraordinary Gains & Losses, Options in the Coop Setting
October 25th, 2016
FASB’s New Revenue Recognition Standard: ASC 606, Revenue from Contracts with Customers: Introductory Overview and Tax Considerations
November 3rd, 2016
Unclaimed Property and Escheat Laws is Very Timely
November 8th, 2016
The Capper Volstead Act – A Primer and Update on Current Developments
December 7th, 2016
Electric Coop Tax Update
December 13th, 2016
Continued Rise Projected for Accountants' Starting Salaries in 2017
Starting salaries for U.S. accounting and finance positions will continue to rise in 2017, reflecting high demand for skilled professionals, according to a new salary guide. Increases in starting...
Avoiding Cost Segregation Recapture Tax
Here are some ways to lower any depreciation recapture when disposing of a property. Savvy tax professionals who recommend cost-segregation studies are well aware of the recapture tax rules that...
The Risks of Intercompany Accounting
Companies that botch the accounting for transactions between different legal entities within their organizations can make their financial reporting slipshod. Deloitte polled more than 3,800...
FASB Proposes Targeted Changes to Hedge Accounting Rules
FASB proposed targeted changes to hedge accounting standards Thursday that are designed to help financial statements provide an accurate depiction of how an organization manages risk. The board...
FASB clarifies the classification of certain cash receipts and cash payments
The FASB issued final amendments to clarify how entities should classify certain cash receipts and cash payments on the statement of cash flows. The new guidance also clarifies how the predominance...