UTILITY FINANCE AND ACCOUNTING FOR FINANCIAL PROFESSIONALS

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LAS VEGAS: October 10-12, 2018

BOSTON: October 17-19. 2018

LAS VEGAS: May 28-30, 2019

SAN FRANCISCO: October 16-18, 2019

LAS VEGAS: October 30-November 1, 2019

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HOTEL AND CITY INFORMATION

LAS VEGAS

Golden Nugget

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 Oct 10-12, 2018 Code GSFAIO2

May 28-30, 2019 Seminar Code: FAI May 2019 #2

Oct 30 – Nov 1, 2019 Seminar Code: FAI October 2019 #2

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.

 

BOSTON

Omni Parker House
60 School Street
Boston, MA 02108

1-617-227-8600

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.

 

SAN FRANCISCO

In San Francisco, our seminar will be held at a Conference Facility. We have not blocked out hotel rooms but there are many hotels nearby. Please check on a hotel website such as hotels.com for help.

San Francisco State University Downtown Campus
835 Market Street (Near Powell at the Westfield Centre)
San Francisco, CA , 94103

Enter at 835 Market Street and take elevator to 6th Floor.

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.

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UTILITY FINANCE AND ACCOUNTING FOR FINANCIAL PROFESSIONALS

INSTRUCTOR:

Dr. Joel Berk 

 

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:

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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
– Preapprovals
– 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

Plant Issues
– 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
– EBITDA
– Cash Flow
– EPS
– Debt/Capitalization
– Leasing Example

Credit Rating 
– S&P Targets for Bond Rating
– Capitalization Ratios
– Funds Flow Ratios
– Adjustments to Financial Statement Figures

Conclusions

 

For a list of organizations who have sent people to our classes, look at our previous participant list.