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SUMMARY:Public Utility Accounting (APPA)
DESCRIPTION:Monday\, June 17\, 2024 to Tuesday\, June 18\, 2024NEPPA Training Center (200 New Estate Road\, Littleton\, MA 01460)8:30am – 3:30pm\n \n \n			\n				\n				\n				\n				\n				Electric utility accounting isn’t taught in schools\, yet the industry has numerous unique factors that affect how to handle its finances. Especially if you are new to the industry\, you might be looking for information to help you in your day-to-day work\, and in particular\, will want to know about the Federal Energy Regulatory Commission’s Uniform System of Accounts\, or USoA. \nJoin this course to learn the basics of how the electric utility business works\, get a grasp on the ins-and-outs of FERC accounting\, and review practical examples of how you can use the FERC USoA. Get up-to-speed on how to use the language of the FERC USoA for accounting\, how the system is organized\, and how it can serve as a reference guide for your work. \nThis course uses a combination of instructor presentations\, videos\, practical exercises\, discussions\, and quizzes to reinforce the lessons and appeal to a variety of learning styles. \n			\n				\n				\n				\n				\n				Who Should Attend\nThis course is designed for personnel who are new to utility accounting practices or unfamiliar with the FERC accounting structure. It is also for experienced accountants\, management\, technical personnel and policymakers looking to understand how accounting processes impact employees and operations will also benefit. \n\nAuditors\nAccounting Managers\nBilling/Accounting Clerks\n\n			\n				\n				\n				\n				\n				Course Level & Prerequisites\nBasic: This course does not have prerequisites\, nor does it require advance preparation. \n			\n				\n				\n				\n				\n				Location\n NEPPA Training Center 200 New Estate Road Littleton\, MA 01460 \n			\n				\n				\n				\n				\n				Supplemental Materials\nAttendees will receive a copy of APPA’s Public Utility Accounting Guidebook publication. \nCourse Topics\n\nElectricity basics and costs\nHow the electric utility business is organized\nIntroduction to the FERC Uniform System of Accounts\nSimilarities and differences between governmental accounting standards board (GASB) and the FERC Uniform      System of Accounts (USoA)\nDetailed walk-through and examples of the FERC Uniform System of Accounts – Assets\, Liabilities\, Revenues\,     and Expenses\nCapital vs. maintenance (and why it matters)\nFixed asset accounting\nRecording labor costs\nA year in the life of a utility accountant (classifying invoices and building financial statements)\nBuilding financial statements\nConducting financial analysis\nDetermining when your utility needs to increase rates\n\nLearning Outcomes\nUpon completion of this course\, participants will be able to: \n\nDiscuss the basics of the electric business and the fundamentals of how electric utility accounting works.\nDefine the accountant’s role as a service provider to internal and external customers and describe how those     customers use the data provided\nCorrectly explain the structure and usage of the FERC Uniform System of Accounts and how it tells the story of     your utility.\nAccurately differentiate between the FERC balance sheet\, revenue and expense accounts and describe how     these fit the utility business model.\nDefine the key concepts and basic tools of utility construction accounting.\nExplain how to build and analyze a financial statement.\nDiscuss the process for evaluating financial results and potential rate increases.\n\n			\n				\n				\n				\n				\n				Instructors\n			\n				\n				\n				\n				\n				\n				\n					Russ Hissom\, CPA\n					\n					Russ is a consultant for Baker Tilly and principal of Utility Accounting & Rates Specialists. Russ has over 35 years of power and utilities\, accounting and finance experience. He provides utility accounting\, cost of service\, rates\, financial analysis consulting\, and expert witness testimony for rate cases and accounting matters. His goal is to help your organization deliver effective and reliable utility services to your customers by maximizing the efficiencies in your accounting\, rates\, and business processes. He has authored dozens of articles on power and utilities accounting and rates issues and co-authored industry financial and governance-related textbooks. Russ is an instructor for several APPA Academy courses and a frequent speaker at national industry conferences. \n					\n				\n			\n				\n				\n				\n				\n				\n				\n					Bethany Ryers\, CPA\, MAS\n					\n					Bethany is a Partner in Baker Tilly’s energy practice with a focus on assurance and advisory services for power and utility organizations. Bethany has helped some of the country’s largest public power systems implement the latest governmental accounting standards. She is involved with a number of state electric\, water and wastewater organizations and is also a member of the American Institute of Certified Public Accountants (AICPA) and several state accounting associations. Bethany is co-author of the APPA Advanced Public Utility Accounting publication and is a frequent speaker at industry events. \n					\n				\n			\n			\n				\n				\n				\n				\n			\n				\n				\n				\n				\n				\n				\n				\n				\n				\n				\n				Agenda\nCLICK HERE TO VIEW DETAILED AGENDA\n			\n				\n				\n				\n				\n				Registration\nRegistration fees include coffee and lunch each day. If you have any dietary or other restrictions\, please note them on your registration.  \n\n\n\nMembers:\n$925\n\n\nNon-Members:\n$1\,850\n\n\n\n\n			\n				Registration closed\n			\n			\n				\n				\n				\n				\n			\n				\n				\n				\n				\n				\n				\n				\n				\n				\n				\n				Cancellations\nCancellations are accepted until Monday\, June 3\, 2024 (two weeks prior to the start of the class). Substitutions may be made at any time prior to the start of the class.  \n			\n				\n				\n				\n				\n				Lodging\nLodging is not included in your registration fees and must be arranged directly with the hotel. If you need overnight accommodations\, please contact any of the following hotels directly and be sure to mention you’re with NEPPA (or the appropriate code/account number) to receive the negotiated rate: \n CLICK HERE FOR LODGING INFORMATION \n			\n				\n				\n				\n				\n				Questions?   Please contact training@neppa.org or call the office at (978) 540-2200. \n 
URL:https://neppa.org/event/public-utility-accounting-appa/
LOCATION:NEPPA Training Center\, 200 New Estate Rd\, Littleton\, MA\, 01460\, United States
CATEGORIES:APPA In-House Trainings
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