TBA, Savannah, Georgia

What is Qwoted?

Qwoted is a free expert network: we help reporters connect with experts & we help those same experts build relationships with top reporters.

Event Date Wed Feb 12 EST (almost 2 years ago)
Location TBA
Savannah, Georgia
Region Americas

Utility construction is one of the major activities at your utility and has a significant impact on developing equitable rates for your customers. This interactive course covers basic and intermediate utility work asset management accounting concepts and applications. Learn how to coordinate operations and finance processes to accurately account for projects. Work through the necessary steps to report utility construction costs and differentiate between capital construction and maintenance costs. Learn about practical industry processes, through real-world utility examples of the day-to-day realities of accounting for utility construction costs.

Course Topics:
• Work order and asset management processes and the importance of accurate plant accounting and reporting
• Accounting for utility construction and impacts on customer rates
• Accounting standards that apply to work order accounting
• Using construction standards and compatible units
• Evaluating construction accounting business processes
• Methods of allocating overhead costs
• Unitizing construction costs and closing work orders
• Developing capital budgets and capital retirement accounting
• Software selection and implementation considerations
• Process improvement and personnel training
• Developing informative reporting to help implement strategy
• Overcoming organizational barriers

Who Should Attend?
Designed for utility accounting, finance and operations personnel who are part of the work order process.