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, 12 hours of instruction, and 12.50 hours of professional education credits. The courses will add insights to your organization and career knowledge! (Total value - $1,373.00)
Your Price!
$697.00
Included Courses
What You'll Learn!
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
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
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
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
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
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 students from all skill 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: 1.00
Last Reviewed: 8.1.24
Access Period: 12 months
Exam Questions: 5
Passing Grade: 70%
Retakes: Unlimited