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!
Electric Construction Accounting Foundations: Building and Using Standard Units
A strong electric work order accounting process starts with standard units. This course shows how to develop, apply, and use standard units effectively to improve consistency and control. (CPE credits - 1.00)
Foundations of Electrical Construction Accounting: Building Accurate and Defensible Overhead Rates
If there are gaps in your electric accounting project process, you may be leaving overhead dollars uncollected and unrecovered in customer rates. This class explains each overhead and shows how to apply them easily and correctly. (CPE credits - 1.00)
Foundations of Electrical Construction Accounting: Accurately Analyzing and Classifying Project Costs
Where should electric project costs be recorded in the general ledger? Where they land drives how costs flow into customer rates. This class provides clear examples and practical insight on proper electric project accounting. (CPE credits - 1.00)
Foundations of Electrical Construction Accounting: Mastering Fixed Asset Accounting
Poor electric fixed asset records can slow accounting, complicate project tracking, and directly affect customer rates. Learn how less detail can actually deliver clearer records and better results. (CPE credits - 1.00)
Electric Construction Accounting: Advanced FERC & RUS Topics
Not all electric work order and rate accounting fits the standard mold. This course delivers insights for tackling advanced, real-world situations. (CPE credits - 3.00)
The Keys to Allocating Interdepartmental Costs
Allocating support costs in a multi-service utility or cooperative often raises the question, “How will this affect my budget?” Learn proven industry methods that improve clarity, build confidence, and make discussions 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: A Framework for Impairment Accounting
ASC 360 is the impairment accounting standard for private-sector utilities and electric cooperatives. Here we outline the key steps for evaluating and recording asset impairments. (1.00 credits)
A Practical Guide to Capital Asset Impairment Reporting (GASB 42)
GASB 42 defines how public power and municipal utilities must assess and record capital asset impairments. This course walks you through the indicators, measurement methods, and reporting needed to ensure financial accuracy. (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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