New Electric Utility Accounting Professional Learning Path

Start off your utility financial career with a solid background in the electricity business.
This bundle includes 5 courses, 8 hours of content, and 8.00 hours of professional education credits. Add insights to your organization and benefit your career knowledge! (Total value - $805.00)


All of the courses in every learning path are included with an annual membership!

Your Price!

$257.00

Buy Now!

Included Courses

Comprehensive Introduction to the Electric Industry!
Comprehensive Introduction to the Electric Industry!
FERC Accounting 101
FERC Accounting 101
FERC Construction Accounting Standards
FERC Construction Accounting Standards
Developing Electric Rates
Developing Electric Rates
Analyzing Financial Statements and Using KPIs
Analyzing Financial Statements and Using KPIs
What You'll Learn!
You'll have an in-depth introduction to the business, including learning how electricity is produced and delivered to customers

You'll be able to identify what people do in a utility or co-op and the impact each position has on your organization

You'll learn how electric rates are developed and how customers pay for their use of electricity

We'll discuss trends in the electric industry and what the electric industry of the future may look like

You will be able to converse confidently with your team using electric industry terms

You will know the details for FERC construction accounting

You will know the distinction between capital and maintenance activities and how it impacts your electric rates

You will be able to design a standard construction unit and know how to apply it in your work order system

You will know the inputs and calculations for all overheads that should be included in construction projects

Knowing the journal entries for all overheads will be part of your skills

You will learn the methods for allocating interdepartmental costs

You'll learn about the components of the revenue requirement

We'll demonstrate how to determine the rate of return to apply to the investment in utility infrastructure

We'll discuss how the revenue requirement feeds the cost of service study

We'll discuss how the revenue requirement is used to provide service to customers

You'll learn the questions to ask to make management and board decisions on approving an annual revenue requirement

You'll be introduced to the FERC Uniform System of Accounts (USOA) so you can find answers when you need them

You'll be introduced to the FERC Form 1 and learn about how the FERC USOA is used for financial reporting

You will be able to apply practical uses of the FERC USOA

You'll learn how the financial statements are used in the electric business

You'll learn about the accounting oversight bodies

We'll do a high-level review of the financial statements, so you'll learn how to "speak accounting"

You'll learn the important KPI's that impact performance and rates

You'll learn how the financial statements tell the story of your organization

You'll learn where the amounts used in the cost of service study come from

We'll demonstrate how "load curves' are a key component in determining the costs to serve customers

We'll discuss the main allocators in a cost of service study

We'll discuss the "art" and the "science" in rate design

You'll learn the direct questions to ask to make management and board decisions on approving electric rates proposed by management and/or consultants

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.

“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

“The Intro to FERC class is a well thought out, easy to understand course for beginners!”

— Ted

“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

“The title of the Introduction to FERC Accounting is a great description of the course materials. Very informative course!”

— Tara

“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

“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

“Great training for our Board members.”

— Noah

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

— Kristin

“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

“Was a quick, easy and great information!”

— Mary

What Comes With This Training Path?
40 + course video lessons

Video lessons are short and to the point, providing 8 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!

Course Accreditation, Requirements, and Refund and Cancellation Policy
Course #'s: AT-1, AT-2, B-1, FT-1, FT-4

Program Level: Basic

Area of Study: Accounting - Technical

Delivery: QAS Self Study

Prerequisites: None

Advanced Preparation: None

CPE Credits: 8.00 total for all classes

Last Reviewed: 8.1.24

Access Period: 12 months

Exam Questions: 5

Passing Grade: 70%

Retakes: Unlimited

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].
Instructor

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.

Learn in demand
skills online

Premium courses from industry experts

Explore courses

Our courses have been taken by over 1,000 professionals from all experience levels!

I have questions!
Help & FAQ
What is included with the courses and how long do I have access?
All video lessons and course downloads are included in all courses. You have lifetime access to the courses 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 add 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!

Meet your 2025 goals and take 25% off any course, bundle, OR membership (12 months)

Use coupon code Goals25