UTILITY FINANCE AND ACCOUNTING FOR FINANCIAL PROFESSIONALS

 

LAS VEGAS — Oct 18 – 20, 2017

SAN FRANCISCO — Oct 25 – 27, 2017

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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, 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

 

SAN FRANCISCO

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.

 

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INSTRUCTORS:

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:

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.