Experienced Accounting Professional Learning Path
The electric industry accounting professional must have a command of FERC, RUS, FASB, and GASB accounting, finance, ratemaking, construction and regulatory accounting, and using Key Performance Indicators. This learning path includes 8 courses, 10 hours of content, and 13.50 hours of professional education credits. (Total value - $1,566.00)
Your Price!
$697.00
Included Courses
What You'll Learn!
We'll demonstrate how to determine the rate of return to apply to the investment in utility infrastructure
High-level cost of service and rate design principles will be discussed
We'll discuss electric rate philosophy and the "art" and "science" of developing electric rates
You'll learn the direct questions to ask to make management and board decisions on approving an annual revenue requirement and its impact on electric rates
You will learn how to implement regulatory accounting in your organization, including determining regulatory items, initial journal entries, and financial statement disclosures
We'll use practical examples to show how GASB 62 and ASC 980 are used in timing of rate recovery of major impacts to expenses and revenues
You'll learn the regulatory accounting treatment of major storms, commodity swings, early retirement of assets, contributions in aid of construction, and rate stabilization reserves
You will review real-life actual ESG reports prepare by utilities
You will learn the reporting standards of GRI, SEC, and TCFD
You will learn the ESG reporting requirements
You'll see some great-looking visual formats to consider in preparing your organization's ESG report
You will learn more complex areas of construction accounting, including asset retirement obligations, completed construction not classified, accounting for spares, cost of capital, contributions in aid of construction (FERC and GASB approach), and overhead calculation and accounting
You will learn the financial statement presentation of these areas
You will learn the financial impacts of discontinuing regulatory accounting in your organization
You'll learn the asset impairment rules to follow in ASC 360 (private sector) and GASB 42 (public sector)
You'll learn how asset impairments are calculated and recorded
You'll learn how ASC 980 and GASB 62 regulatory accounting standards are commonly used to recover impairment losses in customer rates
Over 600 professionals from all experience levels
Our students have grown their skills by taking our courses. Here are just a few of their stories.
Russ Hissom, CPA
Frequently Asked Questions
What is included with the learning path and how long do I have access?
All video lessons and course downloads are included in the Learning Path. You have lifetime access to the Learning Path and future updates.
Where does the information come from in the courses?
The information is taken from industry best practices and the experience of the instructor in working with power and utilities organizations.
How do these courses add value to my organization and my career knowledge?
Knowledge is power (forgive the electric pun). But these courses adds to your knowledge, making your career skills deeper and giving you tools to provide value to your organization.
Are the courses eligible for continuing education credits?
Yes! Utility Accounting and Rates Specialists, LLC is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: NASBAregistry.org.
Are there course downloads so I can follow along?
All of the course materials can be downloaded for each lesson. They are in pdf and Excel formats. You'll generally see them at the beginning of the course in the introduction section, Lesson 1, or scattered throughout the lessons as fitting the topic.
What if I have more questions?
We welcome your questions anytime. Just email [email protected]. Thanks!
Utility Accounting and Rates Specialists, LLC is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: NASBAregistry.org.
Course Accreditation, Requirements, and Refund and Cancellation Policy
Program Level: Basic
Area of Study: Accounting - Technical
Delivery: QAS Self Study
Prerequisites: None
Advanced Preparation: None
CPE Credits: 13.50 total for all classes
Last Reviewed: 8.1.24
Access Period: 12 months
Exam Questions: 5
Passing Grade: 70%
Retakes: Unlimited