NSAC Co-op 101

Are you new to the co-op industry or want a better understanding of concepts like patronage dividends, Section 199A(g), and hedge accounting? Co-op 101 is the perfect opportunity for professionals like you to gain a comprehensive understanding of the cooperative landscape. In this engaging course, you'll embark on a journey to define cooperatives and delve into the fundamental principles that underpin their unique structure. Join us for this practical guide that reviews areas specific to cooperative financials. You'll discover how to effectively manage the financial side of cooperatives, explore the intricacies of intercooperative investments, and grasp the basics of hedging. Dive deep into the world of cooperative taxation and analyze key accounting issues that are specific to cooperative entities. This course will equip you with the knowledge and tools to excel in your field.

Presenter and Moderator Bios

Presenter: Nick Mueting, CPA, Managing Shareholder, Lindburg Vogel Pierce Faris, Chartered

Nick Mueting is a Certified Public Accountant and the Managing Shareholder of the accounting firm Lindburg Vogel Pierce Faris, Chartered working primarily in the Dodge City, Kansas office. Nick recently served as National President of the National Society of Accountants for Cooperatives (NSAC) and is currently the NSAC Accounting and Auditing Committee Chair. He works primarily in the agricultural cooperative industry as an external auditor but loves advising his clients to solve all types of accounting and tax issues.

Moderator: Wayne Sine, CPA, Education Director, National Society of Accountants for Cooperatives

After retiring as Tax Director for Southern States Cooperative, Wayne Sine was asked to serve as Education Director for NSAC. He has been a long-time and active member of NSAC, having served as past President of the Atlantic Chapter and past Chair of the Tax Committee. In addition to his work with NSAC, Wayne has served on the Legal, Tax, and Accounting (LTA) Committee of the National Council of Farmer Cooperatives, Chaired the Tax Committees for both the Virginia Chamber of Commerce and the Virginia Manufacturers Association, served on the Tax Policy Committee of the Virginia Society of CPAs, and served as past Region Vice President for the Tax Executives Institute.