UTILITY FINANCE AND ACCOUNTING FOR FINANCIAL PROFESSIONALS
LAS VEGAS — Oct 18 – 20, 2017
SAN FRANCISCO — Oct 25 – 27, 2017
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, make your reservation using the links below. Or, 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.
$99 plus resort fee of $15 per night
3 nights starting 10/17/17 — GSFA102
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.)
Our seminar will be in Shoal Creek Room on the second floor of the Carson Tower. 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.
San Francisco State University Downtown Center
835 Market St, San Francisco, CA 94103
We have not block out any hotel rooms but there are many hotels within a few blocks.
Our seminar will be in Room 673 of an office building at 835 Market Street (between 4th and 5th Street.) The 6th floor is occupied by SF State University Downtown Campus. Most of the students are taking classes at night so they have a great classroom for us during the day. You will need to enter the building at 835 Market Street and not try to get in through the Westfield Mall in the morning. Security at 835 Market will not allow anyone to get in until 7:30, although you will not need to check in with security after 7:30, just go up the elevator to 6th Floor.. We will have a Continental Breakfast each day from 7:30-8:00.
Restrooms are right by the elevator (and our classroom) but you need a code to get in — Code is 719382
We will have WiFi — SFStateGuest with no additional code needed, although Google Chrome might not work well.
We are providing lunch each day and we hope you can join us for cocktails after class on Wednesday.
Class begins at 8 AM and ends at 4 PM (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.