Advanced Public Utility Accounting


Thursday, May 17 - Friday, May 18, 2018
Grand Hyatt Denver
Denver, Colorado

Course Schedule
Thursday: 8:30 a.m. – 4 p.m.
Friday: 8 a.m. – 3:30 p.m.

Accreditation
Recommended CEUs 1.2/PDHs 11.75/CPEs 14 
Field of Study: Accounting

Course Overview 
Most of the crucial decisions that electric utilities make require financial information. Utility accounting staff must understand how accounting principles and practices impact financial reporting to internal and external stakeholders. This course examines complicated aspects of accounting theory and practice to inform planning and decision-making by management.

Course Topics

  • Using regulatory accounting to mitigate ratepayer and financial reporting impacts
  • Presentation of financial statements
  • Using benchmarking and key performance indicators
  • Strategies to maintain or improve your utility’s bond rating
  • Capital structure and its importance in utility strategic planning
  • Utility debt options
  • Establishing strong internal controls to efficiently allocate resources and deter fraud
  • Governmental accounting pronouncements update
  • Accounting for contingencies, capitalized interest, asset impairments and asset retirement obligations
  • Update on implementing the new GASB Pension Standard

Sample Agenda/Learning Outcomes
Click here to see a sample agenda and learning outcomes.

What to Bring 
Bring a copy of your annual financial statement. Instructors will answer your questions on presentation and application of accounting policies and practices.

Course Level 
Intermediate/Advanced
: Recommended as a follow up to the Public Utility Accounting course.

Who Should Attend 
Designed for accounting and finance personnel with a basic knowledge of utility accounting theory and practice.

Instructors
Russ Hissom, CPA, CIA, CISA is a partner in the utilities and energy practice of Baker Tilly. Russ has extensive experience in providing risk advisory and internal audit services, implementing and improving work order asset management systems, software selection and implementation projects, financial and compliance audits, management audits, business process and controls reviews, establishing succession planning programs, and operational and financial training for utilities. He is a co-author of recent publications on Information Technology Governance, Sustainability Accounting Standards for Utilities and Developing an Effective Utility Software Selection Process.

Bethany Ryers, CPA, Manager in the Baker Tilly Energy and Utilities Team, has been with Baker Tilly Virchow Krause, LLP since 2006. She specializes in providing auditing, accounting, and consulting services to utilities. She counts among her clients some of the largest public power systems in the United States and she has helping them with implementing the latest GASB statements. She is involved with a number of state electric, water, and wastewater organizations and is also a member of the AICPA and several state accounting associations.