UTILITY FINANCE AND ACCOUNTING FOR FINANCIAL PROFESSIONALS
LAS VEGAS — May 23 – 25, 2018
LAS VEGAS — Oct 10 – 12, 2018
BOSTON — Oct 17 – 19, 2018
HOTEL AND CITY INFORMATION
129 East Fremont Street
Las Vegas NV 89101
We have reserved a block of rooms at the hotel where the seminar will be held. Book early. The block of rooms well be held open until a few weeks before the seminar. This is an AAA four diamond hotel but we negotiated a low weekday rate. To get the rate call (800) 331 5731 and use the one of the codes below to get our group rate. You will probably want to make a reservation arriving the day before the seminar.
$89 plus resort fee in May and $99 plus resort fee in October
Seminar May 23-25 Code GSFAIM1
Seminar Oct 10-12 Code GSFAIO2
If you are staying at the hotel, the newer tower is the Rush Tower. In any case, when you check in you should ask for a room away from Fremont Street (which can be noisy at night.)
We will have a Continental Breakfast each morning and Lunch will be provided.
Class begins at 8 AM ends at 4 PM (except last day we end at 3).
Dress is casual but you could bring a sweater or jacket as the temperature in the meeting room may vary. Also please bring a yellow highlighter.
Omni Parker House
60 School Street
Boston, MA 02108
We have reserved a block of rooms at $349 per night. CLICK HERE FOR HOTEL RESERVATION
Class begins at 8 AM and ends at 4PM (except the last day we end at 3).
Dress is casual but you could bring a sweater or jacket as the temperature in the room may vary. Also please bring a yellow highlighter.
CPE CREDIT for CPAs available for all States
Prerequisite — Completion of FAI’s Seminar for Non-Financial Professionals or a position at the utility in the finance, accounting or the rates area or an educational background including at least three classes in accounting. 22 CPE Credits for CPAs.
OUTLINE OF THE SEMINAR:
Day 1 — 8 AM to 4 PM
Rate of Return Regulation
– Basics of Ratemaking
– Determination of Rate Base
– Revenue Requirement Issues
Modifications to Rate of Return Regulation
– Adjustment Clauses, Trackers, Riders, Deferrals
– Rate Freezes, Decoupling
– Formula Ratemaking
Energy and Gas Adjustment Clauses
GAAP For Utilities
– Why and How GAAP Differs
– Plant Write-Offs
– Regulatory Assets and When to Remove Them
COCKTAILS 4:30-5:30 Optional
Day 2 — 8 AM to 4 PM
Capitalization Versus Expense
– GAAP, Tax, Ratemaking and Managerial Accounting
– Influences and Motivations
– Problems in Recovery of Plant Costs
– Retirement Units of Property
– Accounting for Plant Retirement
– Risks of Reserve Deficiency
– Asset Retirement Obligations
– Mass Property Accounting
Accounting for Income Taxes
– Permanent Differences
– Temporary Differences
A Problem of Definition
– Statement of Cash Flows
– Different Definitions for New Income, Op Inc and Cash Flow
Day 3 — 8 AM to 3 PM
CWIP and AFUDC
– AFUDC versus Interest Capitalization
Accounting Methods and their Impact on Financial Metrics
– Cash Flow
– Leasing Example
– S&P Targets for Bond Rating
– Capitalization Ratios
– Funds Flow Ratios
– Adjustments to Financial Statement Figures
For a list of organizations who have sent people to our classes, look at our previous participant list.