What You'll Learn!
2. Learning objectives
3. Drivers of impairments
4. The basic rule for impairments
2. Impairment tests
2. Detailed example - loss of major customer
3. Service units calculation method
4. Restoration cost approach
2. Certificate of completion and course evaluation
2. What is significant and unexpected?
3. Impact of an impairment
4. How to determine market value
5. Types of impairments
2. Example - power plant out of the market price
3. Financial impact and use of GASB 62 to recover the impairment in customer rates
2. Impairment example - Statement of Net Position
3. Impairment example - Statement of Revenues, Expenses, and Changes in Net Position
4. Impairment example - Notes to the Financial Statements
5. Key takeaways
Over 600 professionals from all experience levels
Our students have grown their skills by taking our courses. Here are just a few of their stories.
Frequently Asked Questions
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.

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.
Course Accreditation, Requirements, and Refund and Cancellation Policy
Program Level: Basic
Area of Study: Accounting-(Governmental) - Technical
Delivery: QAS Self Study
Prerequisites: None
Advanced Preparation: None
CPE Credits: 1.00
Last Reviewed: 8.1.24
Access Period: 12 months
Exam Questions: 5
Passing Grade: 70%
Retakes: Unlimited