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One-time enrollment · 12-month access

THIS COURSE INCLUDES

14 lessons · self-paced video
Downloadable PDF & Excel materials
Real-life impairment examples & journal entries
Final exam
Certificate of completion (1.00 CPE)

ASC 360: A Framework for Impairment Accounting at Utilities & Cooperatives

Impairment Identification · ASC 360 Measurement · Journal Entries · Rate Recovery via ASC 980

Learn how to identify asset impairment triggers, apply the correct measurement methods under ASC 360, record the accounting entries, and use ASC 980 to recover impairment losses through customer rates.

★★★★★ 5.0

CPE Hours

| Self-Paced Video

| Basic Level

| NASBA Registered

▶ Watch Free Course Preview

Asset impairments can arise from many directions — storm damage, technology changes, regulatory decisions, construction abandonments, or simply assets that no longer serve their intended purpose. For private-sector utilities and electric cooperatives, ASC 360 is the standard that governs how those impairments are identified, measured, and recorded.

This course provides a practical working knowledge of ASC 360, including how to identify impairment indicators, select the correct measurement method based on whether the asset will continue in service or be removed, calculate the impairment loss, prepare the journal entries, and present the impact in the financial statements.

Importantly, the course also covers how ASC 980 regulatory accounting can be used to defer impairment losses and recover them through customer rates — a connection that is financially significant for rate-regulated utilities and cooperatives.

Know How to Handle Asset Impairments Before They Happen

About This Course

Who This Course Is For

Private-sector utility and electric cooperative accountants
Controllers and CFOs managing plant write-downs and retirements
Finance staff involved in rate recovery of impairment losses
Auditors reviewing utility impairment evaluations and disclosures
Consultants advising on ASC 360 and ASC 980 application

Your Instructor

Taught by a Nationally Recognized Utility Accounting Expert

Russ Hissom, CPA

Principal, UtilityEducation.com · 35+ Years of Industry Experience

Russ Hissom is a national utility accounting and rate expert with 35+ years of hands-on experience helping electric cooperatives and utilities improve accounting processes, strengthen financial performance, and design fair, sustainable rates. He has provided expert witness testimony before FERC, state commissions, and in arbitration proceedings — and has trained 1,000+ utility and cooperative finance professionals nationwide.

Learning Objectives

This Course Will Provide You With the Knowledge To

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Short Lesson, Not Long Lectures

- Focused video lessons you can fit around your workday.

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Interactive Videos - Questions, activities and interactive content inside each video keep you engaged.

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List the asset impairment rules under ASC 360 and explain when they apply

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Apply real-life examples and detailed journal entries for ASC 360 impairment accounting

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Demonstrate how ASC 980 is used to recover impairment losses in customer rates

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Apply accounting entries for recording impairments and presenting them correctly in financial statements

The Learning Experience

How You'll Learn

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Short Lessons, Not Long Lectures - Focused video lessons you can fit around your workday.

✓

Interactive Videos - Questions, activities and interactive content inside each video keep you engaged.

✓

Hands-On Practice - Exercises let you test your judgment and reinforce key points.

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Job-Ready Toolkits - Downloadable tools and guides for future reference or on the job.

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Practical Applications - Apply concepts to realistic situations.

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Built-In Reinforcement - Review questions throughout the course support retention of the material.

Student Feedback

What Our Students Say

"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. Will definitely be taking another course!"

— Jennifer

"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

"I came looking for an introduction to utilities course and I'm glad I took this one. Russ explained everything really well. I will be taking more courses!"

— Kritant

Course Curriculum

What You'll Learn

Course Accreditation

Course #

AT-15

Area of Study

Accounting-Technical

Delivery

QAS Self Study

Prerequisites

None

Last Reviewed

7/6/26

Passing Grade

70%

Adv. Preparation

None

Program Level

Basic

NASBA CPE Credits

Course materials are provided for informational and educational purposes only. They do not constitute legal, accounting, or professional advice. Users should consult their own qualified legal, accounting, or other professional advisors regarding their specific circumstances.

Welcome & Introduction to ASC 360

Course orientation, learning objectives, and an introduction to the impairment accounting framework. | 1. Impairment Accounting Using ASC 360 | 2. Course Overview | 3. Learning Objectives | 4. Course Roadmap

How Can Your Assets Be Impaired?

Identify the real-world events and conditions that trigger an impairment evaluation — and understand the ASC 360 background and rules that apply. | 1. Factors That Drive Impairments | 2. The Background and Rules for Using ASC 360

The Financials Tell the Story

Calculate and record impairment losses, set up regulatory assets for rate recovery under ASC 980, and present the impact correctly in the financial statements. | 1. Calculating, Recording Impairments & Regulatory Assets for Rate Recovery | 2. Review Questions | 3. How an Impairment Is Shown in the Financial Statements | 4. Review Questions

Course Wrap-Up & Final Exam

Review key takeaways | 1. Course Wrap-Up | 2. Course Evaluation | 3. Final Exam

Inside the Course

See the Course in Action

ASC 360: A Framework for Impairment Accounting at Utilities & Cooperatives

Common Questions

Questions You May Have

What is included and how long do I have access?

All video lessons and course downloads are included. Course access is for 12 months from the date of purchase. Materials are in PDF and Excel formats.

Are courses eligible for NASBA CPE credits?

Yes. This course is approved for 1.00 CPE credit through NASBA. Upon passing the final exam (70% or better), you'll receive a Certificate of Completion that meets NASBA documentation standards.

What if I have more questions?

We welcome your questions anytime. Emailruss.hissom@utilityeducation.comor call 608-628-4020.

What kinds of impairment triggers does the course cover?

The course covers a wide range of real utility impairment scenarios including storm damage, technological obsolescence, regulatory changes, construction project abandonment, and asset retirements. You'll see how to identify the trigger and apply the correct treatment in each case.

Does the course cover assets being removed from service vs. held for use?

Yes. The course dedicates specific attention to the different measurement approaches for assets that will be used in the future versus those removed from service — one of the most important distinctions in ASC 360 application.

How does ASC 980 connect to ASC 360?

The course explains how impairment losses recognized under ASC 360 can be deferred as regulatory assets under ASC 980 when recovery through rates is probable — a critical connection for rate-regulated utilities.

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.

Refund & Cancellation Policy

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.

Legal Note

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ASC 360: A Framework for Impairment Accounting at Utilities & Cooperatives