Essential Guide to the FERC Uniform System of Accounts

The FERC Uniform System of Accounts (USOA) is the industry standard used in electric utility accounting. This course ...

Buy $157.00

4.9 /5
(12)

instructor

4.9 /5
(12)

  • Debra
    (5)
    Great Job!

    Always enjoy learning.

  • Jeanie
    (5)
    Defines the subject matter precisely.

    FERC Form 1 table could be a little bigger for readability.

  • Shuja
    (5)
    Great course for beginners.

    Great course for beginners.

  • Slava
    (5)
    Accurate

    Accurate and useful

  • Ted
    (5)
    FERC Uniform System of Accounts

    This is a well thought out, easy to understand course for beginners. Thank you Russ!

  • Erica
    (5)
    Ferc Accounting 101

    I found it very helpful as a new employee needing to learn/understand FERC Accounting. I look forward to the next class

  • Lisa
    (5)
    solid introduction to FERC accounting

    New to the industry so trying to understand acronyms and how the accounting is done for this industry

  • Kendra
    (5)
    Great Course

    Great Overview of Utility Accounting

  • Tara
    (5)
    The title is a good description of the course materials.

    Course was very informative.

  • Joanne
    (5)
    Very good

    Very good assisted me get a better understanding of account groupings

  • Travis
    (5)
    GREAT

    It was a great introduction to FERC accounting!

  • Carolyn
    (4)
    Basic Overview

    Course provided a high level overview of the FERC USOA. Helpful if unfamiliar with regulatory acctg. Would replace review of power markets with a deeper dive into the account structure and accoutns themselves. The look at the language of USOA was not very helpful other than to illustrate the amount of detail. couldn't read it.

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What You'll Learn!
1. The electric system

2. How utilities finance construction projects

3. The utility of today

4. The utility of the future

1. The role of regulation

2. FERC

3. NERC

4. Power markets

1. Overview

2. Plant instructions

3. Capital and maintenance - what's the difference?

1. Solar accounts

2. Wind accounts

3. Computer hardware and software classification

1. Speaking accounting

2. The goal of financial statements

3. Who writes the accounting rules?

4. The FERC Uniform System of Accounts

1. The attributes of a good chart of accounts

2. Users of financial information

3. The FERC Uniform System of Accounts

1. Assets

2. Net position

3. Plant in service

4. Liabilities

5. Revenues

6. Expenses

1. Quiz on course materials

2. Certificate of completion and course evaluation

Over 1,000 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
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.
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!
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 #: AT-1

Program Level: Basic

Area of Study: Accounting - Technical

Delivery: QAS Self Study

Prerequisites: None

Advanced Preparation: None

CPE Credits: 2.00

Last Reviewed: 8.1.24

Access Period: 12 months

Exam Questions: 10

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].