Public Utility Accounting ON DEMAND
Available Until
Your Desk
2.0 Credits
Member Price $29.00
Non-Member Price $33.00
Overview
This course is tailored to equip participants with a deep understanding of the accounting principles and practices unique to the public utility sector. By exploring the usage and contents of the Uniform System of Accounts and detailing the characteristics of capital assets, this CPE course provides the foundational knowledge necessary for effective financial management within public utilities. Participants will learn the specific rules for recognizing plant costs, accounting for asset retirements, and capitalizing financing costs, alongside identifying various asset types and understanding continuing property records. This knowledge not only aids in compliance with regulatory standards but also enhances the ability to make informed financial decisions, benefiting public utilities with improved accuracy in financial reporting and asset management.
Highlights
Public utility accounting issues. Asset and liability accounts. Income and expense accounts. Capital asset accounting. Materials and supplies inventory. Payroll accounting. Utility rate design.
Prerequisites
None.
Designed For
CPA, CEO, CFP, and other financial managers.
Objectives
Recall the type of fund within which a public utility’s activities are recorded. Identify the source, usage, and contents of the Uniform System of Accounts. Specify the characteristics of a capital asset. Recall the rules for recognizing the cost of plant. Recall the accounting for an asset retirement. Specify the accounting rules for the capitalization of financing costs. Identify the different types of assets within a public utility. Recall the contents of continuing property records.
Preparation
None.
Notice
None.
Leader(s):
Leader Bios
Steven Bragg, Western CPE
Steven M. Bragg, CPA, is a full-time book and course author who has written more than 70 business books. He provides Western CPE with self-study courses in the areas of accounting and finance, with an emphasis on the practical application of accounting standards and management techniques. A sampling of his courses include the The New Controller Guidebook, The GAAP Guidebook, Accountants’ Guidebook, and Closing the Books: An Accountant’s Guide. He also manages the Accounting Best Practices podcast.
Steven has been the CFO or controller of both public and private companies and has been a consulting manager with Ernst & Young and an auditor with Deloitte & Touche. He holds an MBA from Babson College, a Master of Finance from Bentley College, and a BA from the University of Maine (summa cum laude).
Non-Member Price $33.00
Member Price $29.00