Work Order & Asset Management Accounting


Wednesday, May 16
Grand Hyatt Denver
Denver, Colorado

Course Schedule
8:30 a.m. – 4:30 p.m.

Accreditation
Recommended CEUs .7/PDHs 6.5/CPEs 7.8
Field of Study: Accounting 

Course Overview
Utility construction is one of the major activities at your utility and has a significant impact on developing equitable rates for your customers. This interactive course covers basic and intermediate utility work asset management accounting concepts and applications. Work through the necessary steps to report utility construction costs and differentiate between capital construction and maintenance costs. Learn about practical industry processes, through real-world utility examples of accounting for utility construction costs.

Course Topics

  • Work order and asset management processes and the importance of accurate plant accounting and reporting
  • Accounting for utility construction and impacts on customer rates
  • Accounting standards that apply to work order accounting
  • Using construction standards and compatible units
  • Evaluating construction accounting business processes
  • Methods of allocating overhead costs
  • Unitizing construction costs and closing work orders
  • Developing capital budgets and capital retirement accounting
  • Software selection and implementation considerations
  • Process improvement and personnel training
  • Developing informative reporting to help implement strategy
  • Overcoming organizational barriers

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

Course Level 
Basic/Intermediate:
 No prerequisites; no advance preparation.

Who Should Attend 
Designed for utility accounting, finance and operations personnel who are part of the work order process.

Instructor 
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.