Event Profile

Depreciation Workshop

April 27, 2023
Northwest Public Power Association

Who Should Attend:

All accounting and finance staff (from entry level to advanced skill set and experience), CFOs, managers, engineers, operations staff, and senior-level leaders.

Course Overview:

In this one-day course, you will gain a solid understanding of how infrastructure is paid for over time and the impact of decisions relating to depreciation and ultimately rate making.

Learning Objectives:

This course includes interactive activities to increase knowledge and understanding of the depreciation concepts unique to utilities.

  • 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 how an auditor analyzes annual and accumulated depreciation of a utility.
  • Calculate 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.

    1. Program level: Beginner
      Prerequisite: None
      Advanced Preparation for this course is not required
      Delivery method: Group Live
      Recommended CPE: 7.2
      Recommended field of study: Accounting - Technical - 7.2
      Other Continuing Hours: This course qualifies for 6 hours of CEU. NWPPA certificates will be available online upon full completion of the course.
      Registration Requirements: Please register online at www.nwppa.org or email registration@nwppa.org.

    Course Instructor:

    Teri Wallis, Terilyn Wallis Consulting

    Course Schedule:

    Registration will begin at 8:30 a.m. Pacific Time and the class will run from 9 a.m. to 5 p.m. Lunch and refreshments will be provided.

    Course Fees:

    Utility Member Early Bird (ends 3/27/2023): $630
    Utility Member Standard: $705

    Associate Member Early Bird (ends 3/27/2023): $945
    Associate Member Standard: $1,020

    Non-member Early Bird (ends 3/27/2023): $1,260
    Non-member Standard: $1,335

    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 email registration@nwppa.org or call (360) 254-0109. 

    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.

    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.

    For More Information:

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