LAS VEGAS: May 29-31, 2024
LAS VEGAS: October 22-24, 2024
BOSTON:     October 29-31, 2024
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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.



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

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

– AFUDC versus Interest Capitalization





The Boston Seminar will be at the Omni  Parker House – 60 School Street,  Boston. We have reserved a block of sleeping rooms at the hotel for the nights of October 25 – Nov 4.

Click link: Omni Parker House for a reservation



Golden Nugget
129 East Fremont Street
Las Vegas NV 89101

We have reserved a block of rooms at the hotels where the seminars will be held.  Book early. The block of rooms well be held open until a month before the seminar. This is an AAA four diamond hotel but we negotiated a low weekday rate. To get the group rate click on the link below or call (800) 634-3454 and give them the Group Code. You will probably want to make a reservation arriving the day before the seminar.


For our May 29-31 Seminar —  Room nights available May 28 – June 1

Click link: Golden Nugget May or call and give them this Group Code GSFAI24 (the I in this group code is the capital letter I)

For our Oct 22-24 Seminar —  Room nights Oct 21-24

Click link: Golden Nugget Oct 22-24 or call and give them this Group Code GSFA10D (the 1 in this group code is the number 1 and the 0 is zero)


If you are staying at the Golden Nugget 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 and we hope you can join us for cocktails after class the first day.

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.


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