FERC Electric Utility Construction Accounting Bundle

FERC and RUS Construction Accounting Learning Path

Become an expert in FERC and RUS construction accounting standards. Learn best practices for work order management, with examples and templates that can be used as guidelines or inspiration for future projects! This bundle includes 9 courses, 11 hours of instruction, and 11.00 hours of professional education credits. The courses will add insights to your organization and career knowledge! (Total value - $1,373.00)

$697.00

Included Courses

Foundations of Electric Construction Accounting: Establishing Standard Units

Foundations of Electrical Construction Accounting: Developing Overhead Rates

Foundations of Electrical Construction Accounting: Analyzing and Classifying Project Costs

Foundations of Electrical Construction Accounting: Accounting for Fixed Assets

Advanced Topics in Electric Construction Accounting

Allocating Interdepartmental Costs

Asset Impairments, Decommissioning, and Regulatory Accounting

ASC 360 - Framework for Impairment Accounting

GASB 42 - Capital Asset Impairment Accounting

What You'll Learn!

Establishing Standard Units for Efficient Work Order Accounting

You'll build a standard electric construction unit

You'll learn how standard units reflect your electric utility or cooperative's current construction costs

You'll learn the impact that standard units have on electric cost-of-service studies

You'll know the engineering and accounting needs for standard units

Classifying Project Costs In the Correct General Ledger Account

You'll learn the fundamentals of analyzing electric system construction projects

You will learn about unitization and will unitize a construction project

You'll learn how to set up continuing property fixed asset records

You'll learn the detailed entries for retiring utility plant in service and recording salvage and cost of removal

Accounting For Asset Impairments

You'll learn causes for asset impairments

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

Developing And Charging Overhead Costs To Projects

You'll learn how utility overhead costs are calculated and applied to construction projects

We'll show detailed journal entries used to charge utility overhead costs to projects

We'll discuss the impact of overhead costs on electric rates

We will demonstrate specific methods for allocating interdepartmental costs

Developing Useful Fixed Asset Records

You'll learn the basic information needed for continuing property records (CPRs)

You will learn about how CPRs are used in the electric system construction and accounting process

You will learn methods to reduce the number of CPRs to a level that makes their usage part of a more efficient business process

You'll learn the needs of each department - accounting, construction, and engineering

Repairing Fixed Asset Records That Don't Meet Your Needs

Determining when fixed asset records have gone bad

You'll learn the latest industry best-practices for fixed asset records

You'll learn how "less and bigger" is better for your operations and accounting functions

You'll learn how operations and accounting can speak the same language

You'll find out how adjusting to leaner fixed assets won't change your general ledger balances

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.

New Electric Utility Accounting Professional Learning Path

Very good overview of the introduction to the electricity business. I just recently started a job with a utility and am taking some courses to learn as much as possible about the electricity industry. Will definitely be taking another course through utilityeducation.com

Jennifer

FERC Uniform System of Accounts

This is a well thought out, easy to understand course for beginners!

Ted

Wonderful way to learn about the industry!

This was an incredible overview! I cannot wait to share this with others. I LOVED how you explained things. You have great speaking and explanation skills.

Nicole

FERC Construction Accounting

The title is a great description of the course materials. Very informative course!

Tara

Great course!

I came looking for an introduction to utilities course and I'm glad I took this one. Russ was great and explained everything really well. It was great learning from someone who has actually been in the industry and knows about both the finance and utility sectors. I will be taking more courses!

Kritant

Great course on learning construction accounting!

I did not have a lot of knowledge about utility construction accounting or standard units, but this course was a good overview of the process and very understandable to a newbie.

Matt

The title says it all!

I thought the text was simple and direct to the talking points. I was able to follow clearly and to jot down specific key words that reinforced the text in the presentation.

Kawai

Very Helpful Course!

I am new to the Coop world and this did help me. Thank you!

Kristin

Good title!

Good basic understanding of RUS and the chart of accounts. I came from outside the utility world and was quite lost. This class helps to provide a basic foundation.

Julie

Great information!

Was a quick, easy and great information!

Mary

GASB 62 and ASC 980 top uses

Good course!

Matthew

What Comes With This Training Path?

60 + course video lessons

Video lessons are short and to the point, providing 12 hours of content.

Library of templates and guides

The courses include downloads, spreadhseets, templates, and quizzes.

Certificate of completion included with each course

A certificate of completion is provided on completion of each course.

We provide high-quality and in-depth content

The course materials provide best practices and industry insights from our years of experience in assisting electric cooperatives and power and utilities companies.

You can take the courses at your pace

Binge watch all of the courses or take your time on the topics.

Courses can be watched anywhere at anytime

Watch any course on desktop, table, or phone using the course app.

Buy Now!

Russ Hissom, CPA

Course instructor

Hi, I'm Russ Hissom and I've been an instructor for national organizations in the industry since 1990 and was a partner in a national accounting and consulting firm for over 20 years. I have the privilege of serving electric cooperatives and power and utilities organizations across the United States and Canada with accounting, rate, and financial consulting services, and expert testimony at FERC and state utility commissions.

I've used my experience to design courses for all experiences levels of professionals and board members. The courses range from the foundational areas you need to know to operate the accounting, finance, and rates side of the business to the more complex financial analysis tools required to be successful. All courses are based on industry best practices, showing a practical approach so you can apply them in your organization. I hope you'll take a class and see what I mean!

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

Course accreditation and requirements

Course #: AT-4, AT-5, AT-6, AT-7, AT-8, AT-14, AT-15, AT-16, ATG-1

Program Level: Basic

Area of Study: Accounting - Technical

Delivery: QAS Self Study

Prerequisites: None

Advanced Preparation: None

CPE Credits: 11.00 for all courses

Last Reviewed: 8.1.24

Access Period: 12 months

Exam Questions: 5

Passing Grade: 70%

Retakes: Unlimited

Refund and cancellation policy

Refunds and cancellations: Requests for refunds must be made in writing within 30 days for purchasing the course. No refunds will be granted after the qualified assessment has been completed. For any concerns, please contact us at 608 628 4020 or at [email protected].