Your goal is to build a solid electric construction accounting process.

Understanding how standard electric units are the foundation is Step 1 in the process.

Utility rates are driven by infrastructure spending to serve customers. Step 1 in costing that investment is to develop a strong accounting foundation and process.

It seems like this might be an engineering exercise, but this directly impacts accounting. This course provides a detailed discussion on developing standard electric construction units and how standard units are the foundation of a solid electric construction accounting system.

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Power Pole Construction - One Standard Unit

What you'll learn in this course

  • You'll learn about how standard units are the foundation of best-practices in FERC electric work order accounting

  • You'll build a standard electric construction unit

  • You'll learn how standard units reflect your electric utility or cooperative's current construction costs

  • We'll discuss the impact that standard units have on electric cost-of-service studies

  • In this 60 minute class you’ll earn 1.20 continuing professional education credits.

  • You'll get pop-ups along the way encouraging you to keep going and unexpected surprises at any time!

8 lessons and quizzes | 1.0 hour of content | 1.20 credits of CPE

Taking a deeper look at your construction accounting processes? Here is Step 1 of a solid foundation, based on FERC principles.

01
The importance of fully costing projects and the FERC best practices
02
Defining standard units, how they work, and costs to be assigned
03
Example applications for distribution standard units, meters, and transformers
04
Quizzes and downloads - Level up your knowledge!

This course is for you if........

  • Your job includes developing standard electric units for the work order system

  • You work in the accounting or engineering departments and your job includes setting up or closing electric work orders.

  • You train field crews on what is important on the "paperwork" side when they do electric construction projects.

  • Your duties include setting up new continuing property records.

  • You are an auditor of electric utilities or cooperatives and want insights into business processes in an electric work order system and how FERC, FASB, and GASB can work seamlessly together.

  • You'd like access to a community of electric industry accounting and finance students to share questions, answers, and comments on the electric business.

Student Success

5 star rating

ACCOUNTING STEP 1 STANDARD UNITS

DAN BURNS

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I'm passionate about the power and utilities business and my goal is to help you and your organization!

I'm Russ and I am passionate about the electric, water, wastewater, gas, and broadband business! My goal is to share what I've learned in serving electric co-ops and utilities of all sizes with accounting, finance, and business process services.

I would love to help you learn more and help you and your organization! Check out the offerings for courses and consulting services. You'll get tidbits you can use immediately in your work!

Worked with co-ops and utilities across the US and Canada
Presenter and educator for American Public Power (APPA), American Waterworks Association (AWWA), Edison Electric Institute (EEI), American Gas Association (AGA), and state industry organizations
Experience includes rate studies, FERC accounting implementation, business process reviews, and expert witness testimony before FERC, state commissions, and in arbitration proceedings

Who should take this course?

  • Electric work order and fixed asset accountants

  • Experienced finance team members for a review

  • Engineering and design team members

  • Project managers charged with construction budget management

  • Electric construction team leads

  • Auditors of electric cooperatives and utilities

What background should I have to take this course?

  • No background in electric construction accounting is needed.

  • Some introductory knowledge of the electric industry is not necessary, but can help you experience more benefits from the course.

  • We discuss the inter-relationship between electric construction accounting, the classification of project costs, and electric rates.

What you'll get from this course!

  • Course resources

    Over 30+ pages of course materials; jump directly to or replay key concepts with clickable time-reference navigation

  • Continuing Education Credits - CPE

    1.20 credits of CPE - Final approval of a course for CPE credits is based on the requirements of each states’ regulatory body

  • Analysis and insights

    Learn practical applications of the FERC Chart of Accounts for construction accounting - take quizzes to test your knowledge

  • Certificate of Completion

    On 100% completion of the course

  • Course access on desktop, table, and mobile

    Learn on-demand, wherever you are

  • The Power of Community

    Access to the Electric Industry Accounting and Business Community to share, questions, answers, and comment on the electric business with other community members

How does this course build my knowledge?

Monthly, quarterly, and annual memberships provide unlimited access to all courses and resources
Get an All-Access or Premium Membership

All courses and resources are built on power and utilities industry best practices and provide practical solutions you can implement in your unique organization

All-Access Membership - Monthly

  • Unlimited access to over 20 online/on-demand courses, 30 hours of content, and spreadsheet resources

  • Download copies of all course content

  • For every course completed you will receive a Certificate of Completion with CPE credits

  • Access to the Power and Utilities Community page to ask questions, get answers, and share ideas

  • Binge courses OR spread them out to meet your schedule

  • New courses are added each month

  • Cancel anytime and have access through the end of your membership period

  • Classes are available on-demand from your desktop, tablet, or phone

$27 per month

Get a Monthly All-Access Membership >

All-Access Membership - Annual

  • Unlimited access to over 20 online/on-demand courses, 30 hours of content, and spreadsheet resources

  • Download copies of all course content

  • For every course completed you will receive a Certificate of Completion with CPE credits

  • Access to the Power and Utilities Community page to ask questions, get answers, and share ideas

  • Binge courses OR spread them out to meet your schedule

  • New courses are added each month

  • Cancel anytime and have access through the end of your membership period

  • Classes are available on-demand from your desktop, tablet, or phone

$257 per year

Get an annual All-Access Membership >

Premium Membership - Quarterly

  • Includes everything in All-Access Membership plus:

  • Monthly live one hour one-on-one session with you for discussions of your questions on co-op and utility FERC and NARUC accounting, cost-of-service, rates, finance, best-practices in construction accounting, and any other topics you’d like to discuss!

  • Include your team members for a wider discussion of the issues!

  • Download three eBooks on FERC construction accounting and ASC 980/GASB 62 regulatory accounting

  • Previews of new courses and your input into course development and future courses

$247 every 3 months

Get a Premium Membership >

Continuing Professional Education (CPE) Credits

  • All of our online courses are modeled on the guidelines of the AICPA and NASBA Statement on Standards for Continuing Professional Education (CPE) Programs. Courses are not NASBA certified.

  • Final approval of a course for CPE credits is based on the requirements of each states’ regulatory body.

Need some insights into FERC Construction Accounting?

These courses walk you through how FERC construction accounting is used in an electric co-op and utility


TAKE 20% OFF A MONTHLY, QUARTERLY, OR ANNUAL MEMBERSHIP (12 months)-USE COUPON CODE
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