Who Should Attend:
All accounting and finance staff, CFOs, managers, engineers, operations staff, and senior-level leaders.
Overview:
In this one-day workshop, you will gain a solid understanding of how infrastructure is paid for over time and the impact of decisions relating to depreciation and rate making. This course includes interactive activities to increase knowledge and understanding of the depreciation concepts unique to utilities.
Learning Objectives:
- Identify and understand the key factors of depreciation: cost, salvage value, useful life, and obsolescence.
- Gain perspective on how a utility is similar and unique to other industries. Understand why it is important to apply these core concepts to the specific situation of your utility.
- Explore the Statement of Financial Accounting Standards No. 144: Accounting for the Impairment or Disposal of Long-Lived Assets.
- Correlate the IRS Publication 946, How to Depreciate Property, to an electric utility.
- Identify and build a plan to prepare for annual audit procedures, including exploring how an auditor analyzes annual and accumulated depreciation of a utility.
- Calculate the average useful life of assets listed on your balance sheet, as well as estimate impacts of adjusting depreciation methods and useful life, comparing and contrasting big-picture and detailed analysis.
What to Bring:
Bring as many of the following items as possible:
- Most recent Form 7, or balance sheet and operating statement.
- Detailed fixed-asset listing (paper or electronic format—electronic is preferred).
- Current year budget.
- Forecast.
Program level: Beginner
Prerequisite: None
Advanced preparation for this webinar is not required
Delivery method: Group Live
Recommended CPE: 7.2
Recommended field of study: Accounting – Technical
Other continuing hours: This course qualifies for 6 hours of CEU. NWPPA certificates will be available online upon full completion of the webinar.
Instructor:
Teri Wallis, Terilyn Wallis Consulting
Location:
The Centennial
303 W North River Dr.
Spokane, Washington 99201
(509) 598-4554
Room rate: $189
Please book your room as soon as possible but no later than August 31, 2025, to receive this special rate. Mention that you are coming in with the NWPPA group when booking your reservation.
Schedule:
Registration will begin at 8:30 a.m. Pacific Time on the first day, and the class will run from 9 a.m. to 5 p.m. Lunch and refreshments will be provided.
Fees:
Utility Member Early Bird (ends 8/23/2025): $920
Utility Member Standard: $995
Associate Member Early Bird (ends 8/23/2025): $1,380
Associate Member Standard: $1,455
Non-Member Early Bird (ends 8/23/2025): $1,840
Non-Member Standard: $1,915
Canadian utility members, please contact registration@nwppa.org for pricing and to register.
Note: Organizations that register a group of employees will receive every fifth registration for free. For example, if you register five employees, you only pay for four; register 10 employees, you only pay for eight; and so on. There is nothing additional you need to do to receive this discount.
Cancellation Policy:
For webinars, virtual classes, and section meetings: cancellations at least five days prior to the event will receive a full refund; within 1-4 days or no show, the charge will be 100% of the registration fee.
For in-person events: cancellations at least 30 days prior to the event will receive a full refund; within 15-29 days there will be a $100 fee; and within 1-14 days or no show, the charge will be 100% of the registration fee.
When possible, please send a substitute instead of canceling. NWPPA does not charge a fee for substitutions. To request a refund, please contact us at registration@nwppa.org or (360) 254-0109.
Continuing Hours:
This workshop qualifies for 6 continuing hours. Certificates are available upon full completion of the workshop.