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Event Profile

A Guide to the Wonderful World of RUS Accounting

Date(s):
May 1 — 2, 2017
Venue:
Anchorage Hilton
500 W. Third Ave.
Anchorage, AK 99501 
Website:
Not available
Fee(s):
This event has a fee
Description:

Note:

The pre-registration is currently closed. If you would like to attend this event, please come to the NWPPA registration desk at the hotel, and our onsite coordinator will be happy to help you.

Who Will Benefit:

Accounting staff from cooperatives and any other utility using RUS accounting methods.

Related Course:

Accounting and Finance Fundamentals for Utility Personnel, May 3-4, 2017

Course Overview:

If your heart skips a beat when accounting is mentioned, fear not. The balance sheet is not a reason for anxiety; there’s more company gossip here than in the break room. In this one-and-a-half-day course, we’ll discuss USOA, GAAP, FERC, and all sorts of other fascinating topics. The only definite thing when it comes to debits and credits in the accounting world is that a debit is on the left side of a transaction and a credit is on the right side of a transaction. Session topics will include:

  • Where do the debits and credits come from?
  • Typical transactions in a utility and where they land on the financial report
  • Why is it so different from other types of accounting?
  • Accrual versus cash accounting
  • Work order and property record system
  • Components of construction cost
  • Net loss due to retirement
  • Contribution in aid of construction
  • Investments in associated organizations
  • Equity in the form of patronage capital
  • Payment of capital credits; typical debt structure for a RUS borrower
  • How RUS measures effectiveness - Form 7, key operational ratios, key financial ratios

What to Bring to Class:

Participants should come with their utility’s financial report.

Course Instructor:

Kim Mikkelsen, KW Consulting

Course Schedule:

Registration will begin at 8 a.m. on day one; the class will run from 8:30 a.m. to 4:30 p.m. on day one, and from 8:30 a.m. to noon on day two. Lunch will be provided on day one; breaks will be provided on both days.

Course Location & Hotel Information:

Hilton Anchorage
500 West Third Avenue
Anchorage, AK 99501
(907) 272-7411

Room rate: $129 for a single/double

Please book your room as soon as possible, but no later than March 31, 2017, to secure this rate. Mention that you are with Northwest Public Power Association when booking your reservation.

Course Fees:

Utility Member Early Bird (ends 3/31/2017): $830
Utility Member Standard: $905

Associate Member Early Bird (ends 3/31/2017): $1,245
Associate Member Standard: $1,320

Non-member Early Bird (ends 3/31/2017): $2,490
Non-member Standard: $2,565
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Anchorage Hilton

Session information is not available at this time.

Track information is not available at this time.

Kim Mikkelsen
Organization: KW Consulting

Sponsor information is not available at this time.