|Event Date||Mon Feb 10 EST - Tue Feb 11 EST (almost 2 years ago)|
The DeSoto Savannah
15 E Liberty, Savannah, GA 31401, USA
This foundational course is designed around the Federal Energy Regulatory Commission (FERC) Uniform System of Accounts (USoA), covering every relevant FERC account. Review the proper usage of each account, the role of accounting in public utilities, preparation of FERC-based income statements and balance sheets, the supporting charts of accounts, and proper coding for all FERC account activities. Learn about the role of accounting in public utilities, FERC accounting procedures, the uniform systems of accounts, and utility accounting subsystems.
Prepare a FERC Income Statement based off of a test case and then apply your knowledge during an in-class exercise, which addresses the proper coding for all FERC account activities. The instructor will also compare and contrast how investor owned utilities utilize the system vs. municipal utilities.
• Accounting for operating revenues and expenses
• Introduction to utility property and plant accounting
• Introduction to FERC uniform system of accounts
• Applicability of generally accepted accounting principles to public utilities
• Financial statement structure and presentation
• Capital vs. expense determination
• Allocation of indirect or common costs
• Accounting for unbundled services
Who Should Attend?
Designed for those who are new to public utility accounting practices or unfamiliar with the FERC accounting structure.