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What You’ll Learn!

    1. 1. Introduction - GASB 42 Impairment Accounting for Utilities

    2. Lesson Menu/Index

    3. 2. Course overview

    4. 3. Learning Objectives

    5. 4. Here are your course materials for download!

    1. 5. How to determine an impairment

      FREE PREVIEW

    2. 6. The drivers of impairments

    3. 7. Review questions - 1

    1. 8. Calculating the impairment - Asset is no longer used

    2. Thought break!

    3. 9. Calculating the impairment - Asset continues to be used

    1. 10. Real-life examples of asset impairments and the proper accounting treatment

    2. 11. Review questions - 2

    1. 12. GASB 42 - Impairments - Course Wrap-up

    2. 13. GASB 42 Course evaluation

    3. 14. GASB 42 - Impairments - Final Exam for NASBA CPE Credit!

About this course

  • 16 lessons
  • 0.5 hours of video content

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

Frequently Asked Questions
All video lessons and course downloads are included in the course. Course access is for 1 year after the date of purchase.
Knowledge is power (forgive the electric pun). But this course adds to your knowledge, making your career skills deeper and giving you tools to provide value to your organization.
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.
Yes. The course focuses heavily on practical application, including real-life examples of impairments (storm damage, technological obsolescence, regulatory changes, construction project abandonment, and more). You’ll see how to identify an impairment trigger, measure the decline in service utility, and apply the correct accounting treatment in each scenario.
The information is taken from industry best practices and the experience of the instructor in working with power and utilities organizations across the United States and Canada.
The course number of CPE hours are shown in the course description. You'll receive a course completion certificate that also shows the number of CPE hours when you complete 100% of the course and take the course quiz. CPE hours are computed based on a 50 minute presentation hour.

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.

We welcome your questions anytime. Just email [email protected]. Thanks!
Yes. You’ll receive examples, walkthroughs, and structured guidance that you can immediately apply to your own impairment evaluations. The course provides clear frameworks for identifying impairment indicators, selecting the correct measurement method, and preparing journal entries and disclosures. These tools support consistency and compliance in your financial reporting.
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.

Course Accreditation, Requirements, and Refund and Cancellation Policy
Course #: ATG-1

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

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].