Are you new to the electric industry? Where can you find utility education resources to teach you FERC and RUS accounting?

FERC accounting isn't taught in schools and you're looking for information to help you in your day-to-day work. You'd like to make an impact and contribution to your organization and learn to "speak electric".

The FERC Uniform Chart of Accounts (USOA) is the electric industry and electric cooperative (RUS) standard used in accounting. This course shows practical uses of the USOA for your business. A perfect course for new employees to get familiar with using the USOA.

Power plant

What you'll learn in this course

  • You'll learn how electricity is produced and delivered to customers.

  • You'll learn how power markets make for an efficient allocation and distribution of electricity across North American.

  • You'll get an introductory walk around the FERC Uniform System of Accounts (USOA) so you can find your way through the document and find answers when you need them.

  • You'll be introduced to the FERC Form 1 and learn about how the FERC USOA is used for financial reporting.

  • You will be able to apply practical uses of the FERC USOA for assets, liabilities, plant in service, revenues, and expenses.

  • You will be able to converse confidently with your team using electric industry terms.

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

Course Overview

  1. 1
    • Class kickoff survey - What are your hopes for this class?

    • Introduction | FERC Accounting 101

    • Here's a tour of the course player!

    • How does electricity get to my house or business?

    • Is electric accounting different than other industries?

    • What role does regulation play in the electric industry?

    • Intro to the FERC Chart of Accounts and how it helps the electric business

    • FERC Chart of Accounts quick review of instructions and capital vs. expense

    • FERC Chart of Accounts - Balance sheet and income statement accounts

    • Course Wrap-up

    • FERC Accounting 101 - Summary Quiz

Here's a sample of the course!

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

  • You are a new electric cooperative or utility employee and want to know more about how the electric utility business works.

  • You want to learn how to "speak electric" and use the language of the FERC USOA for accounting.

  • You want to know how the FERC USOA is organized and how it can help you as a reference guide.

  • You want to learn practical uses of the FERC USOA so you can use it in your day to day accounting work.

  • You are an auditor of electric utilities or cooperatives and want to know more about the business so you can do a better job auditing.

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

Let me share insights that will bring value to your organization and career!

Russ Hissom, CPA

Russ Hissom, CPA, is the owner of Utility Accounting Education Specialists (UAES). His goal is to share his electric industry knowledge with you, helping you address your day-to-day work, adding value to you as an individual in your career development and to your electric utility or cooperative.

Russ built his experience through:

  • Learning and leading industry best practices by serving electric investor-owned and municipal utilities, and electric cooperatives
  • 35 years of financial and consulting electric industry experience
  • Past partner in the energy practice of a national public accounting and consulting firm
  • A focus on helping co-ops and utilities become more efficient and prepare for the "power and utilities organization of the future"

    Let Russ help you build your knowledge, help your organization, and enhance your career!

Russ Hissom Electric Industry Instructor

Who should take this course?

  • New electric finance employees

  • Experienced finance team members for a review

  • New electric operational employees

  • Engineering employees to understand the link between engineering and accounting

  • Auditors of electric cooperatives and utilities

How does this course build my knowledge?

What background should I have to take this course?

  • Baseline knowledge of accounting or engineering will enhance your learning experience.

  • Knowing the basics of the finance operations in your electric co-op or utility will give you a head start in some areas.

  • Your knowledge base can be just starting out. We'll give you the tools to be an expert and to "speak electric" in just two hours of instruction!


What you'll get from this course!

  • Course resources

    Over 100+ pages of course materials; jump directly to or replay key concepts with clickable time-reference navigation

  • Continuing Education Credits - CPE

    2.00 credits of CPE

  • Analysis and insights

    Learn practical applications of the FERC Chart of Accounts

  • 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

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

$15 per month

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

$155 per year

Premium Membership - Quarterly

  • Includes everything in All-Access Membership plus:

  • Monthly, live, recorded, one-hour group sessions on new areas and a discussion of your questions on utility and co-op accounting and finance and any other topics - Attend live or listen to the recording anytime

  • 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

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

$130 every 3 months

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?

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

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    $39.00FERC Accounting 101 - Class 2 - Electric Construction Accounting

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