Latest News

NSAC longtime member Thomas Kandel, notes his retirement
Thomas Kandel will be retiring from National Rural Utilities Cooperative Finance Corporation, (NRUCFC) effective March 30, 2018. Tom served as Vice President and Chief Financial Officer, Southern...

FASB Proposes Corporate Reporting Change Related to New Tax Law
One challenging effect of new P.L. 115-97, called the Tax Cuts and Jobs Act, on company financial statements would be eliminated under a proposal FASB issued recently.  The proposed Accounting...

FASB Task Force Tackles Cloud Computing Costs
The Financial Accounting Standards Board’s Emerging Issues Task Force plans to propose new rules for how to deal with cloud computing service costs.  At a meeting last week, the EITF discussed...

Beware W2 Phishing Again This Year
Tax authorities warn employers again this year about a W-2 phishing scam that victimized organizations — and thousands of employees — last year.  During the last two tax seasons, cyber-crooks...

Top Five Ways Tax Reform Impacts Dairy Industry
We have just witnessed the most sweeping change in tax law since 1986. It is too early to make dramatic changes to your farm operation in response to the new tax code, but dairy producers should...

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Best Practices

NSAC is proud to introduce a new benefit program for members and visitors. In recent years NSAC has been providing an outstanding live annual conference wherein many dynamic presentations have been given, addressing a wide variety of topics. In addition NSAC has hosted dozens of Cooperative Learning Networks or CLN’s which are web-based live interactive training sessions. In reviewing our inventory of information it became obvious that we should create another benefit for members and we have.

The library of available Best Practices will continue to grow and will be added to and updated regularly, and we have developed them into an easy to access and easy to read series of learning modules.

If you have a topic you would like to submit for a Best Practice, or if you would like to suggest a change/update to an existing Best Practice, simply identify the topic, provide the suggested change and forward to, or call (937) 222-6707.

We are confident you will enjoy and find value in this new offering. 

Best Practices Article List Date Published
How Organizations Can Streamline the Month-end Close March 13, 2018
Best Practices: 9 Strategies to Finally Get Your Email Under Control February 19, 2018
Keeping Up with Rapid Changes in Technology January 18, 2018
The Case for Updating Your Policies and Procedures Manual November 22, 2017
How to Make a Professional Apology October 5, 2017
Eight Practices That Help Prevent Fraud in Your Agribusiness August 2, 2017
Best Practices: 10 Lessons Learned in Implementing New Rev Rec Guidance July 24, 2017
Best Practices: 10 Competencies of Top Staff Accountants April 18, 2017
Contractor or Employee? March 30, 2017
Business Succession Planning February 27, 2017
Disaster Recovery January 23, 2017
Best Practices: 10 Year-End Tax-Planning Tips for Individuals November 10, 2016
10 Tips on Amending a Tax Return October 19, 2016
Questions You Should Ask Your Cloud Provider June 30, 2016
Inventory Internal Controls June 30, 2016
Mobile Accounting May 3, 2016
Account Reconciliation April 1, 2016
Internal Controls To Prevent & Detect Fraud January 29, 2016
Myths and Realities about W-2 and 1099 Reporting January 29, 2016
Safe Computing Tips January 29, 2016