NSAC: Making sure co-op numbers add up right
he National Society of
Accountants for Cooperatives
(NSAC) is a professional
society of 2,000
accountants, attorneys,
financial officers, bankers and others
actively involved in the financial planning
and management of cooperative
businesses. NSAC strives to enhance
the professional performance of its
members in their service to cooperatives
by providing information, education
and training on issues affecting
cooperative management, accounting,
taxation and finance. NSAC acts as a
technical representative for cooperatives
in formulating accounting principles
and auditing standards.
Since its formation in 1936, NSAC
has sponsored an annual meeting and
tax seminar. The annual meeting provides
a forum for addresses by, and discussions
with, recognized experts in
accounting, taxation, finance, management,
and government. The tax seminar
features concurrent sessions for
varying interests and experience levels.
Each of NSAC's 12 chapters sponsor
an annual technical session and tax
seminar. All the programs offer continuing
professional education credits to
participants, as do the NSAC Audit
and Accounting (A&A) Seminars. The
basic course targets accountants and
accounting employees of cooperatives
and public accounting firms who have
limited experience in the field. The
advanced course was designed for the
experienced cooperative accountant.
NSAC publishes a quarterly magazine,
The Cooperative Accountant, which
furnishes members with timely information
on accounting, tax and miscellaneous
financial and economic topics
about co-ops and their patrons.
NSAC is dedicated to ongoing
research, seeking solutions to problems
unique to cooperatives. NSAC goals
and policies are established by a
national board of directors, which
meets twice a year. Its five-member
executive committee is authorized to
act on its behalf between meetings.
Contact information: NSAC is
managed by Advanced Management
Concepts, 136 South Keowee St., Dayton,
Ohio, 45402. (937) 222-5794.
