Event Profile

Accounting, Finance, and RUS/FERC Fundamentals for Utility Personnel

Date(s):
December 14 — 15, 2022
Venue:
Northwest Public Power Association
Description:

Who Should Attend:

Accounting staff and anyone who wants to understand how each role in the utility impacts the budget and financial statement.

Course Overview:

This one-and-a-half-day course will take you through the fundamentals of FERC/RUS accounting and provide practical examples you can use in your utility. You will learn how to research and learn these fundamentals from the source document rather than from "we’ve always done it that way." You will learn skills that help your utility’s system achieve financial security and long-term benefits for members in a language that all employees can understand. The course concludes with a discussion of employees' participation in the financial health of the utility. Budgeting, cash flow, and the importance of tracking expenses are highlighted. At the completion of the workshop, you will have a more complete understanding of your personal impact on your system’s financial success. You will also be able to utilize online tools in researching FERC/RUS accounting and construction practices of utilities.

Course Topics:

  • Analysis of the financial reports (balance sheets, statements of operations)
  • Billing (accounts receivable turnover, write-offs, delinquency)
  • Plant accounting (inventory, engineering and operations, work order procedures)
  • Financial management (equity changes, capital credits, TIER, DSC, general funds, cash management, capitalization ratio, cost-of-service study, equity management, capital credits, legal challenges, allocation, retirement pros and cons)
  • Member services (marketing, communications)
  • What to Bring:

  • Most recent year-end financial report (Form 7)
  • Current equity management policy
  • Current capital credit allocation and retirement process
  • Calculator
  • Electronic versions of the bulletins 1767B-1, 1767B-2, 1717B-2
  • Course Instructor:

    Teri Wallis, Terilyn Wallis Consulting

    Course Schedule:

    Registration will begin at 8 a.m. Pacific Time, and the class will run from 8:30 a.m. to 4:30 p.m. on the first day and 8 a.m. to noon on the second. Lunch on the first day, as well as refreshments on both days, will be provided.

    Course Location:

    Northwest Public Power Association
    9817 NE 54th Street, Suite 200
    Vancouver, WA 98662
    (360) 254-0109

    Suggested Hotels:

    Heathman Lodge
    7801 NE Greenwood Dr, Vancouver, WA 98662
    (360) 254-3100
    Ask for the NWPPA rate for 15% off advertised prices.

    Best Western Plus Vancouver Mall
    9420 NE Vancouver Mall Drive
    Vancouver, WA 98662
    (360) 256-0707

    Course Fees:

    Utility Member Early Bird (ends 11/13/2022): $830
    Utility Member Standard: $905

    Associate Member Early Bird (ends 11/13/2022): $1,245
    Associate Member Standard: $1,320

    Non-member Early Bird (ends 11/13/2022): $1,660
    Non-member Standard: $1,810

     

    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 Policies:

    For webinarsvirtual classes, and section meetings: cancellation at least five days prior to the event, full refund; within 1-4 days or no show, 100% of the registration fee.
    For in-person events: cancellation at least 30 days prior to the event, full refund; within 15-29 days, $100 fee; and within 1-14 days or no show, 100% of the registration fee.

    If canceling because the attendee is showing COVID-19 symptoms any time before the event, a full refund will be issued; if leaving during the event for COVID-19 reasons, a prorated refund will be issued.

    When possible, please send a substitute instead of canceling; NWPPA does not charge a fee for substitutions. To request a refund, please contact Gail Patterson, Registrar, via email, Gail@nwppa.org, or call (360) 816-1450. 

    Safety Measures:

    As we continue to monitor and evaluate COVID-19 levels, we understand that the health and safety of our members, staff, and the community are of highest concern. We are asking everyone to do their part. NWPPA and local venues will follow applicable federal, state, and local health protocols. Assumption of Risk: COVID-19 has been declared a worldwide pandemic by the World Health Organization. It is not possible for NWPPA or anyone else to completely prevent the presence of the disease. Therefore, if you choose to attend a conference organized by NWPPA and voluntarily enter onto premises where its conference is held, you are accepting the risk, without right of claim against NWPPA and its directors, employees, or agents, of being exposed to, contracting, and/or spreading COVID-19 and its variants.

     

    Continuing Hours:

    This course qualifies for 9 continuing hours. Certificates are available upon full completion of the course.

    NASBA Credit:

    For courses that qualify for Accounting CPE Credit: The Northwest Public Power Association is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its web site: www.nasbaregistry.org.

    Program level: Beginner
    Prerequisite: None
    Advanced preparation for this webinar is not required
    Delivery Method: Group Live
    Recommended CPE: 7.0
    Recommended field of study: Accounting - Technical 3.0; Finance- Technical 2.0; and Business Management and Organization – Non-Technical 2.0; Specialized Knowledge – Technical 3.0

    For More Information:

    To find out more about this event, or to learn about other events, view the Training and Event Catalog.