Implementing and Using ASC 980 and GASB 62 for Electric Util

What You'll Learn!

Lesson 1 - Introduction to regulatory accounting

1. What is regulatory accounting?

2. Is my utility or co-op regulated?

3. Benefits of using regulatory accounting

4. Requirements of ASC 980 and GASB 62

5. Primary applications of ASC 980 and GASB 62

Lesson 3 - Additional expense applications for regulatory accounting

1. Debt issuance costs

2. Early retirement of generating plant 3. Major maintenance programs 4. Unamortized loss on reacquired debt

Lesson 5 - Quiz and wrap-up

1. Quizzes on course materials are scattered throughout the course

2. Certificate of completion and course evaluation

Lesson 2 - Using regulatory accounting for expenses

1. Recovering unbudgeted maintenance costs

2. Recording future recoverable costs

3. Recording deferred legal costs

4. Pollution remediation

Lesson 4 - Using regulatory accounting for revenue recognition

1. Mark to market gains and losses

2. Matching capacity costs to rate recover

3. Rate stabilization

4. Grant revenue

5. Customer refunds

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.

New Electric Utility Accounting Professional Learning Path

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

FERC Uniform System of Accounts

This is a well thought out, easy to understand course for beginners!

Ted

Wonderful way to learn about the industry!

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

FERC Construction Accounting

The title is a great description of the course materials. Very informative course!

Tara

Great course!

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

Great course on learning construction accounting!

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

The title says it all!

I thought the text was simple and direct to the talking points. I was able to follow clearly and to jot down specific key words that reinforced the text in the presentation.

Kawai

Very Helpful Course!

I am new to the Coop world and this did help me. Thank you!

Kristin

Good title!

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

Great information!

Was a quick, easy and great information!

Mary

GASB 62 and ASC 980 top uses

Good course!

Matthew

Frequently Asked Questions

What is included with the course and how long do I have access?

All video lessons and course downloads are included in the course. Course access is for 1 year after the date of purchase.

How does this course help my organization and career knowledge?

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.

Are there downloads? I like to follow along and mark up a copy.

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.

Where does the information come from in the course?

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.

Are courses eligible for Continuing Professional Education (CPE) credits?

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.

What if I have more questions?

We welcome your questions anytime. Just email [email protected]. Thanks!

Course Accreditation, Requirements, and Refund and Cancellation Policy

Course accreditation and requirements

Course #: AT-9

Program Level: Basic

Area of Study: Accounting - Technical

Delivery: QAS Self Study

Prerequisites: None

Advanced Preparation: None

CPE Credits: 3.50

Last Reviewed: 8.1.24

Access Period: 12 months

Exam Questions: 18

Passing Grade: 70%

Retakes: Unlimited

Refund and cancellation policy

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].