Continuing Property Records: Mastering Fixed Asset Accounting
Learn how to consolidate continuing property records without changing general ledger balances, improve cost-of-service outcomes, and reduce the accounting burden of maintaining excessive CPR detail.
- 11 lessons · self-paced video
- Downloadable PDF & Excel materials
- CPR consolidation calculation examples
- Journal entry templates
- NASBA-compliant final exam (5 questions)
- Certificate of completion (1.00 CPE)
Turn Asset Detail into Clarity—and Better Rate Results
Continuing property records are the foundation of utility plant accounting—but too many CPRs create unnecessary complexity without adding value. This course teaches you how to reduce CPR counts using calculated unitization factors that preserve general ledger balances while dramatically simplifying your fixed asset records.
You'll learn the journal entries required to consolidate CPRs, how to explain the process to accounting, construction, and engineering stakeholders, and how streamlined plant records translate directly into cleaner depreciation studies and more defensible cost-of-service outcomes.
Applicable to both FERC and RUS regulated utilities, this course gives you a practical, step-by-step framework you can put to work immediately.
- Utility and co-op accountants managing fixed asset records
- Controllers and CFOs overseeing plant accounting
- Rate and regulatory staff preparing cost-of-service studies
- Engineering and construction staff involved in asset recording
- Anyone responsible for FERC or RUS plant accounting compliance
Russ Hissom, CPA
Russ Hissom, CPA is a principal of UtilityEducation.com, providing on-demand professional education in FERC, RUS, FASB, and GASB accounting, finance, and ratemaking for electric utilities and cooperatives. With over 30 years of hands-on industry experience, he brings real-world expertise to a modern learning platform trusted by more than 1,000 professionals.
What You'll Be Able to Do After This Course
Inside the Course
Orientation to the course, learning objectives, and downloadable course materials.
- 1. Welcome to Foundations of Fixed Asset Accounting Free Preview
- Lesson Menu / Index
- 2. Course Overview
- 3. Course Learning Objectives
- 4. Course Materials Download
Understand why CPR quality directly affects customer rates, how to consolidate records using unitization factors, and how to record the required journal entries—without touching general ledger balances.
- 5. CPRs as a Foundation for Customer Rates
- 6. Review Questions
- Thought Break
Review key takeaways and pass the final exam to earn your 1.00 CPE certificate.
- 7. Course Summary & Key Takeaways
- 8. Course Evaluation
- 9. Final Exam
Trusted by Over 1,000 Utility Professionals
"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."
"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."
"Russ was great and explained everything really well — someone who has actually been in the industry. I will be taking more courses!"
"Good basic understanding of RUS and the chart of accounts. I came from outside the utility world and was quite lost. This class helps provide a basic foundation."
"Great training for our Board members."
"Was a quick, easy and great information!"
Frequently Asked Questions
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Turn Asset Detail into Clarity
Join over 1,000 utility and co-op professionals building practical accounting skills that improve rate outcomes.
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.
Requests for refunds must be made in writing within 30 days of 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 russ.hissom@utilityeducation.com.
Course materials are provided for informational and educational purposes only. They do not constitute legal, accounting, or professional advice. © 2026 Utility Accounting & Rates Specialists, LLC. All rights reserved.