UTILITY FINANCE AND ACCOUNTING FOR FINANCIAL PROFESSIONALS

FOR SEMINARS IN 2022 WE REQUIRE EVERYONE TO BE TESTED FOR COVID-19. WE WILL PROVIDE A RAPID TEST THE FIRST MORNING BEFORE CLASS. 

LAS VEGAS: October 12-14, 2022
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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.

Brochure

OUTLINE OF THE SEMINAR TOPICS

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

CWIP and AFUDC
– AFUDC versus Interest Capitalization

Conclusions

 

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 month before the seminar. This is an AAA four diamond hotel but we negotiated a low weekday rate. To get the rate click on the link below or call (800) 331 5731 and use the code below to get our group rate. You will probably want to make a reservation arriving the day before the seminar.

 

For our Oct 12-14 Seminar

Room nights Oct 11-13, 2022 Group Code GSFA10B or

Clink link: Golden Nugget

 

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 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.