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One-time enrollment · 12-month access
Enroll NowGroup pricing available →Learn how to use regulatory accounting under ASC 980 and GASB 62 to align expense and revenue recognition with approved customer rates — reducing financial volatility and improving the clarity of your financial statements.
CPE Hours
A major storm. A sudden fuel cost spike. An extraordinary maintenance expense. Events like these can severely distort a utility's financial results in ways that don't reflect long-term rate recovery — unless regulatory accounting is applied correctly.
This course provides a practical, hands-on approach to implementing ASC 980 (for private utilities and cooperatives) and GASB 62 (for public power and municipal utilities). You'll learn how to identify which costs qualify for regulatory treatment, record expense and revenue deferrals, apply regulatory accounting to rate stabilization reserves and CIAC, prepare the required financial statement disclosures, and understand how regulatory accounting affects cost-of-service studies and long-term financial planning.
The course also covers when regulatory accounting should be discontinued — an important but often overlooked topic — and how to properly unwind related balances when rate recovery is no longer probable. Applicable to utilities of all sizes, this is the flagship course in the Mastering Co-op & Utility Regulatory Accounting Career Track.
Describe the fundamentals of regulatory accounting under FASB ASC 980 and GASB 62 for private, cooperative, and municipal utilities
Course materials are provided for informational and educational purposes only. They do not constitute legal, accounting, or professional advice. Users should consult their own qualified legal, accounting, or other professional advisors regarding their specific circumstances.
A practical introduction to regulatory accounting — what it is, why it matters, and how it's used by utilities and cooperatives of all sizes. | 1. Regulatory Accounting: What It Is and Why It Matters- Lesson Menu / Index | 2. Course Overview | 3. Learning Objectives | 4. Introduction to Regulatory Accounting
Determine whether your utility qualifies for regulatory accounting treatment and work through the initial setup and implementation steps. | 1. Is Your Co-op or Utility Regulated?
Apply regulatory accounting to expense recovery scenarios — storm damage, extraordinary costs, loss on retirement, and maintenance programs | 1. Regulatory Accounting for Expense Recovery | 2. Review Questions — Part 1 | 3. Loss on Retirement and Maintenance Programs
Use regulatory accounting on the revenue side — rate stabilization reserves, grants, capacity cost recovery, and mark-to-market adjustments. | 1. Regulatory Accounting for Rate Stabilization, Grants & Capacity Cost Recovery
Review key takeaways. | 1. Review Questions — Part 2 | 2. Course Summary | 3. Final Exam | 4. Course Evaluation
