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)
All of the courses in every learning path are included with an annual membership!
Your Price!
$357.00
Learn the utility accounting and finance skills that elevate your value—and accelerate your career
Utility Accounting & Rates Specialists provides on-demand training for electric, gas, water, and wastewater utilities and cooperatives, including FERC and RUS accounting, best-practices in construction accounting, financial reporting, key performance indicator analysis, rate studies, and application of artificial intelligence in the co-op and utility finance office. Courses are taught by Russ Hissom, CPA — a nationally recognized utility accounting and rate expert.
Courses Included in Your Learning Path!
Courses that equip you to classify and manage construction costs correctly and confidently!
Foundations of Electric Construction Accounting: Establishing Standard Units
Your goal is to build a solid electric construction accounting process. Using standard units is the first step. This class shows how you don't need to be an engineer to build an electric pole. (CPE credits - 1.20)
Foundations of Electrical Construction Accounting: Developing Overhead Rates
If there are gaps in your electric accounting project process you could be leaving overhead monies on the table and not collecting those costs in customer electric rates. This class details each overhead and its easy application. (CPE credits - 1.00)
Foundations of Electrical Construction Accounting: Analyzing and Classifying Project Costs
Where should the electric project costs be classified in the general ledger? Where - drives how rates are charged to your customers. This class shows detailed examples and insights on the proper accounting for electric projects. (CPE credits - 1.00)
Foundations of Electrical Construction Accounting: Accounting for Fixed Assets
Less than stellar electric fixed asset records can be a drag on accounting processes, project accounting, and directly impact customer electric rates. We show you how LESS detail can lead to better results. (CPE credits - 1.00)
Advanced Topics in Electric Construction Accounting
There are unique areas of electric work order and electric rates accounting that don't fit into the overall "box" of situations you'll encounter. Here are insights in how to account for some advanced areas. (CPE credits - 3.00)
Allocating Interdepartmental Costs
Allocating support costs in a multi-service utility or co-op is always a point of discussion on "how will this impact my budget?". Explore industry common methods that can make acceptance and discussion easier. (CPE credits - 0.50)
GASB Guidelines for Asset Impairments, Decommissioning, and Regulatory Accounting (GASB 62)
Asset impairments are part of the utility business, especially with power plants. See how you can apply GASB 42 (impairments), GASB 83 (AROs), and GASB 62 (Reg accounting) to your situation. (0.50 CPE credits)
ASC 360 - Framework for Impairment Accounting
ASC 360 is the standard of impairment accounting for private sector utilities and electric cooperatives. Here we present the details to follow in evaluating and accounting for asset impairments. (1.00 credits)
GASB 42 - Capital Asset Impairment Financial Reporting
GASB 42 is the standard of impairment accounting for public power and municipal utilities. Here we present the details to follow in evaluating and accounting for impairments. (1.00 credits)
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
We Have Served Over 1,000 Professionals from All Experience Levels!
What Our Students Say
Our students have grown their skills by taking our courses. Here are just a few of their stories.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: 11.00 for all courses
Last Reviewed: 8.1.24
Access Period: 12 months
Exam Questions: 5
Passing Grade: 70%
Retakes: Unlimited
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.
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