LAS VEGAS — May 23 – 25, 2018

LAS VEGAS — Oct 10 – 12, 2018

BOSTON — Oct 17 – 19, 2018

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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 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 — WE ARE WAITING FOR RESERVATIONS CODE NEEDED TO GET THIS RATE.

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.

Register Me


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.


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

– AFUDC versus Interest Capitalization

Accounting Methods and their Impact on Financial Metrics
– Cash Flow
– Debt/Capitalization
– Leasing Example

Credit Rating 
– 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.