UTILITY FINANCE AND ACCOUNTING FOR FINANCIAL PROFESSIONALS

WEBINARS

Format:  4 Days. 11 AM to 5 PM Eastern Time.  One hour break for lunch.

 

March 22 – 25, 2021

May 24 – 27, 2021

Webinars are presented live on the web using Zoom. This will have the same content as the seminars we give at hotels, but spaced over four days instead of three days.  Dr. Joel Berk will be presenting, live, with Q&A and group projects throughout. We will send you, in advance of the webinar, printed copies of the materials which you will use during the four days.

Earn 22 CPE credit for CPA’s.

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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 TOPICS

Brochure

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

 

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