Commonly used CoCoFiSt terms

Commonly used CoCoFiSt terms

  |  January 1, 2011

Common Cooperative Financial Statements, a CDS program for improving cooperative performance.

A budgeting feature that, based on historical data, projects sales, margins, and payroll by department, as well as income statements, balance sheets, cash flows, ratios, capital budgets and loans for the next four quarters. A manager can then change assumptions to change the projections.

This illustrates how much more profit a co-op could realize if it performed at benchmark levels.

The occasional email to CoCoFiSt members, highlighting important operating and financial news relevant to natural food cooperatives.

One or two-day work sessions involving department managers, designed to improve co-op operations by at least $5,000 per year.

Walden Swanson and winners of the coveted white plastic pocket protector award (CWPPPA).

People who either aspire to be CoCoNerds, or need CoCo-Nerds, but don’t want to be one.

The preferred beverage of CoCoNerds, or Common Cooperative Chart of Accounts, available by downloading at no charge to CoCoFiSt participants.

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