Use regulatory accounting as the strategic financial management tool it was designed to be. Five courses covering ASC 980, GASB 62, asset impairments, decommissioning, and rate recovery — built for the finance professionals responsible for making it work.
Regulatory accounting under ASC 980 and GASB 62 is one of the most powerful financial management tools available to rate-regulated utilities and cooperatives — but it's also one of the most underused. This track builds the complete working knowledge needed to implement it confidently, apply it to complex transactions, and use it strategically to stabilize rates and financial results.
Courses cover the full regulatory accounting lifecycle — from initial implementation through expense deferrals, revenue recovery, advanced applications, asset impairments, decommissioning, and when and how to properly discontinue regulatory accounting. Applicable to private utilities, electric cooperatives, and public power organizations, with course-level guidance on which standards apply to each entity type.
The foundational course — use ASC 980 and GASB 62 to align expense and revenue recognition with approved rates, defer storm costs and extraordinary items, and stabilize financial results throughout the year.
Contributions in aid of construction treatment, power plant decommissioning costs, long-term pension obligations, revenue decoupling, and how to properly discontinue regulatory accounting when rate recovery is no longer probable.
Apply GASB 42 and GASB 83 to account for asset impairments and retirement obligations — then use GASB 62 to defer and recover those costs through rates.
Identify impairment triggers, apply the correct measurement methods, record the accounting entries, and use ASC 980 to recover impairment losses through customer rates.
How public power and municipal utilities must assess and record capital asset impairments under GASB 42 — indicators, measurement methods, and the reporting required for financial accuracy.
"This track finally made regulatory accounting practical instead of theoretical. The real-world examples showed exactly how to use ASC 980 and GASB 62 to manage financial volatility and align revenues and expenses with rates."
"We had a major ice storm and I had no confidence in how we were deferring the repair costs. After Course 1, I went back and reworked our entire storm damage accounting treatment. The difference in our financials was material."
"The discontinuance section in Course 2 is something I've never seen covered clearly anywhere else. We had regulatory balances we weren't sure how to handle when our rate recovery situation changed — this resolved it completely."
Russ Hissom is a nationally recognized expert in utility accounting and ratemaking, with more than 35 years of experience helping electric utilities and cooperatives navigate FERC, RUS, FASB, and GASB accounting standards. As founder of UtilityEducation.com, Russ has built a comprehensive CPE curriculum drawing on decades of hands-on work with regulatory accounting, construction accounting, and rate case support for investor-owned utilities, public power, and electric cooperatives.
No. Course 1 starts from the fundamentals — what regulatory accounting is, when it applies, and how to implement it. Each course builds on the previous, so you develop skills progressively regardless of your starting point.
Yes. ASC 980 and GASB 62 can be applied by utilities of all sizes. Course 1 includes specific guidance on scaling regulatory accounting to fit smaller organizations — including how to build the case for implementation with auditors and lenders.
It depends on your entity type. Course 3 (GASB 42/83/62) is for public power and municipal utilities. Course 4 (ASC 360) is for private utilities and electric cooperatives. Course 5 (GASB 42 standalone) is for public power organizations that want deeper coverage of the impairment standard. All five are included in your enrollment.
All video lessons, downloadable slides, exercises, and Excel templates for all five courses. 12 months of access from the date of purchase. Materials can be tailored to your organization.
Yes — 8.50 NASBA CPE hours total. Each course awards credits separately upon passing the final exam at 70% or better.
Email or call 608-628-4020. We welcome questions anytime.
