FERC Accounting 101: Essential Utility Accounting Training for Electric Utilities
Master the FERC Uniform System of Accounts and build a foundation for utility finance, operations, and rate-making. (...
What You’ll Learn!
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1 - FERC Accounting 101 and the importance of electricity in society
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Lesson Menu/Index
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2 - Course overview
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3 - What you'll learn in this class - Learning Objectives
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4 - How to use the video player to view the lessons
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5 - Here are your course materials for download!
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7 - Is electric accounting different than other industries?
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8 - What role does regulation play in the electric industry?
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Thought break!
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9 -The FERC Uniform System of Accounts and how it helps the electric business
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10. Review Questions - 1
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11 - FERC Uniform System of Accounts - Review of the actual chart of accounts and capital vs. expense
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12 - FERC Uniform System of Accounts - Applications for balance sheet and income statement accounts
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13 - New renewable asset accounts and re-classification of computer hardware and software
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14 - Review Questions - 2
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15 - Applications for your everyday work and course wrap-up
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16 - Course evaluation
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17 - Essential Guide to the FERC Uniform System of Accounts Final Exam for NASBA Certification
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- 19 lessons
- 1.5 hours of video content
We Have Served Over 1,000 Professionals from All Experience Levels!
What Our Students Say
Our students have grown their skills by taking our courses. Here are just a few of their stories.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.
Yes. FERC 101 is designed as the foundation for all other utility accounting topics including construction accounting, financial reporting, use of KPI's, and developing revenue requirement and cost of service studies.
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.
Yes—this course is eligible for NASBA Continuing Professional Education (CPE) credits as shown on the course description. Upon successful completion of the class and a passing grade of 70% or more on the final exam, you’ll receive a Certificate of Completion that meets NASBA documentation standards.
We welcome your questions anytime. Just email [email protected]. Thanks!
Yes—examples include building a FERC Form 1, and using the USoA in every day transactions for the balance sheet and revenue and expense accounts.
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].
Debra
Great Job!
Always enjoy learning.
Ted
FERC Uniform System of Accounts
This is a well thought out, easy to understand course for beginners. Thank you Russ!
Lisa
solid introduction to FERC accounting
New to the industry so trying to understand acronyms and how the accounting is done for this industry
Kendra
Great Course
Great Overview of Utility Accounting
Tara
The title is a good description of the course materials.
Course was very informative.
Jeanie
Defines the subject matter precisely.
FERC Form 1 table could be a little bigger for readability.
Shuja
Great course for beginners.
Great course for beginners.
Slava
Accurate
Accurate and useful
Erica
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
Joanne
Very good
Very good assisted me get a better understanding of account groupings
Travis
GREAT
It was a great introduction to FERC accounting!
Carolyn
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.