Inside Utility Accounting is a focused deep dive into the unique accounting challenges utility companies face.
Whether you're working in a utility, or analyzing financial performance from the outside, you'll learn how to get a more nuanced portrait of a utility's finances.
A discussion of the common customer classes and the common revenue sources at a utility company. In addition, the session will describe how revenues are calculated, identify factors that may affect revenues and review the key concepts of unbilled revenue, including:
Focusing on three key areas with regards to plant accounting: utility plant depreciation; capitalization concepts, allowance for funds used during construction (AFUDC) and the implications for deferred taxes.
Analysis of how and when power purchase agreements are treated more as leases and the potential tax implications including:
Companies within Independent Transmission Systems (ISOs) and regional transmission organizations (RTOs) are required to maintain their books and records in accordance with the FERC's Uniform System of Accounts (USofA). You'll learn how market prices impact a company's revenue stream and how your company can comply with the rules on accounting and financial issues related to the various transactions that occur within the ISOs/RTOs and how they differ from region to region, including:
The American Institute of Certified Public Accountants has recommended to the Securities and Exchange Commission (SEC) the adoption of International Financial Reporting Standards (IFRS). Find out how the convergence of IFRS with U.S. Generally Accepted Accounting Principles (GAAP) will challenge utilities and what it will likely take to comply with the standards. Our discussion includes:
This live group seminar is eligible for 12.5 CPE credits. Be aware that state boards of accountancy have final authority on the acceptance of individual courses for CPE credit. As of January 1, 2002, sponsored learning activities are measured by program length, with one 50-minute period equal to one CPE credit. One-half CPE credit increments (equal to 25 minutes) are permitted after the first credit has been earned in a given learning activity. You may want to verify that the state board from which your participants will be receiving credit accept one-half credits.
Finance, corporate development/strategy, and investor relations professionals at power and gas companies. Consultants, accountants and lawyers who advise power and gas clients. Current and potential suppliers or professionals looking for an understanding of the unique aspects of accounting in the power sector.
This program presumes familiarity with basic accounting and finance concepts. Participants will need to bring a laptop computer equipped with Microsoft Excel.
PGS in Partnership with SNL Energy seminars are known for their clear explanations and in-depth content. Register today, and join the energy professionals who have already attended one of these proven programs.