Electric Work Order & Fixed Asset Accounting

Return to the Accounting Fundamentals Series

Timing

Attend two real-time sessions from Noon - 3 p.m. ET on Oct. 27 & 28. There will be two 10-minute breaks in each session.

Unable to make the live sessions? Recordings will be made available (automatically to those who register) a week after the last session takes place.

Delivery Method/Learning Environment

This course is a Group Internet based offering (via Zoom) and combines real-time presentation, polling questions, Kahoot quizzes, real-world examples, videos, application exercises, and Q&A.

Course Overview

Utility construction is one of your utility's major activities and significantly impacts developing equitable rates for your customers. This interactive online course covers basic and intermediate utility work asset management accounting concepts and applications. The course builds on the foundation of the Public Utility Accounting course.

Learn how to coordinate operations and finance processes to account for projects accurately. Work through the necessary steps to report utility construction costs and differentiate between capital and maintenance costs. Apply the framework of the work order process to capital budgeting. Learn about practical industry processes and recent trends in streamlining fixed asset accounting. Understand the connection between work order accounting and customer electric rates.

Attendees will receive a complimentary digital copy of APPA’s Utility Work Order Accounting Guidebook publication.

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
Developing overhead rates
Allocating interdepartmental costs in a multi-service utility
Unitizing construction costs and closing work orders
Developing capital budgets and capital retirement accounting
Closing the information gap between the field and the office
Evaluating current work order processes and identifying areas that need attention

Sample Agenda

View a sample Agenda for Electric Work Order & Fixed Asset Accounting

Recommended For

Utility accounting, finance and operations personnel who are part of the work order process.

Often taken in conjunction with APPA’s Public Utility Accounting (Sept. 29, 30 & Oct. 1) and Advanced Public Utility Accounting (Nov. 4, 5, 10 & 12) virtual courses. A discounted bundled rate is available.

Course Level/Prerequisites/Advance Preparation

Basic/Intermediate: No prerequisites; no advance preparation. Some knowledge of FERC accounting is helpful, which is taught in APPA’s Public Utility Accounting course.

All materials will be provided at least two business days in advance of the class with access instructions, you they can be downloaded in advance to take notes on.

Technology Requirements

Computer: Each attendee needs to work from their own computer, to fully participate in the discussions and exercises.
- Contact Academy@PublicPower.org if you are participating as a group in a conference room.
Zoom Meeting Access: You’ll need strong Internet access to run the Zoom meeting platform.
Audio/Webcam: You will need to enable computer audio to listen and speak (alternatively a call-in number will be provided) and you will also need a webcam, so you can fully engage in the small group breakout sessions and group discussions.
Download the Kahoot! App: The instructors will be using Kahoot during (and after) live sessions and will provide you with the game PIN number needed for each quiz. Go to the App Store (iOS) or Google Play (Android) and download the free Kahoot! app on your phone.

Accreditation

The following continuing education credits will be provided after successfully completing 90% of both live sessions. These sessions will be recorded, though certificates can only be awarded to those who meet the attendance requirements for attending the live sessions.

Recommended CEUs .6/PDHs 5.5/CPEs 6.2 (for both sessions)
Field of Study: Accounting

Instructors

Russ Hissom, CPA, is a consultant for Baker Tilly and principal of Utility Accounting & Rates Specialists. Russ has over 35 years of power and utilities, accounting and finance experience. He provides utility accounting, cost of service, rates, financial analysis consulting, and expert witness testimony for rate cases and accounting matters. His goal is to help your organization deliver effective and reliable utility services to your customers by maximizing the efficiencies in your accounting, rates, and business processes. He has authored dozens of articles on power and utilities accounting and rates issues and co-authored industry financial and governance-related textbooks. Russ is an instructor for several APPA Academy courses and a frequent speaker at national industry conferences.

Dan La Haye, CPA, has been a Director with Baker Tilly for over 13 years, serving on the energy and utilities team. Dan specializes in providing auditing, accounting, and consulting services to utilities around the country. Dan’s areas of expertise include conducting financial risk assessments and internal control evaluations; preparing financial forecasts, cash flow projections and rate studies for utilities; assisting clients with implementing new Governmental Accounting Standards Board standards; and providing recommendations for process improvements and efficiencies. Dan is also involved in number of electric, water, and wastewater organizations, and is a member of AICPA and several state accounting associations.

Disclosure: The instructors have no proprietary or financial interests in any products, services, or materials discussed in this course.

About Baker Tilly

Dedicated entirely to energy and utility service providers, Baker Tilly’s specialized energy and utility team of more than 70 professionals currently works with more than 600 public utilities, including 115 public power utilities with audit and consulting services. We are ranked as the 10th largest accounting and advisory firm in the United States. Baker Tilly is a strong supporter of the public power industry and APPA and we regularly speak at APPA conferences and provide accounting training at APPA’s Education Institutes as well as in-house training at public power utilities.

Baker Tilly authors many industry whitepapers and articles on utility accounting topics, including the latest versions of APPA’s Utility Work Order Accounting and Advanced Utility Accounting publications. Learn more about Baker Tilly.

Questions?

Registration/Billing: Registration@PublicPower.org
Schedule/Content/Accreditation: Academy@PublicPower.org

Registration

Register Now!

Registration Fees

Registration is for individual access. If you have multiple people interested in attending, group discounts are available.

Members*
Bundled Series - Includes All Three Courses (save $300!)	$2,195
Individual Courses
Public Utility Accounting	$895
Electric Work Order & Fixed Asset Accounting	$595
Advanced Public Utility Accounting	$995
*Non-member rates are double the member rates.

Group Discounts

Save money when your organization registers five or more people for the same class or the bundled series. The larger your group, the more you save! Registrations must be submitted on the same order (at the same time) to qualify for the group discount; discounts cannot be retroactively applied to previous orders.

If you need assistance, contact Registration@PublicPower.org.

Number of Registrants	Discount (Per Person)	Discount Per Person – Bundled Series
1-4	n/a	n/a
5-9	$50	$150
10-14	$100	$300
15-24	$150	$450
25+	$200	$600

Cancellations/No-Show/Refunds/Substitutions

All events will be recorded, and attendees will automatically receive a copy of the recordings, in case you can’t attend live.

Registrants who cancel in writing at least 7 days before the first day of a course are entitled to a refund of their registration fee, minus a $100 cancellation fee. Registrants who cancel after that will not receive a refund, but attendee substitutions will be allowed for this event only. Registrants and no-shows who do not cancel at least 7 days before the course start date are responsible for the full registration fee and are not entitled to a refund.

Cancellation deadlines:

Accounting Fundamentals Series (all 3 classes): Cancellations must be received on/before Sept. 22
- Public Utility Accounting: Cancellations must be received on/before Sept. 22
- Electric Work Order & Fixed Asset Accounting: Cancellations must be received on/before Oct. 20
- Advanced Public Utility Accounting: Cancellations must be received on/before Oct. 29

Cancellation requests should be made through your My.PublicPower portal, or addressed to: Registration@PublicPower.org.

Accreditation & Event Policies

Learn more about APPA’s Accreditation and Event Policies or contact APPA’s Education Team with questions Academy@PublicPower.org.

Code of Conduct

All who register to participate, attend, speak at, or exhibit at an APPA Event, and all participants in APPA committees, work groups, courses, or other APPA groups, must agree to comply with this Code of Conduct (review and acceptance of the Code is included in the registration process).

Questions?

Registration/Billing: Registration@PublicPower.org
Schedule/Content/Accreditation: mailto:Academy@PublicPower.org

Accreditation

Earn While You Learn!

Participate in live virtual programs to earn IACET Continuing Education Units (CEUs), Professional Development Hours (PDHs) and NASBA Continuing Professional Education credits (CPEs). Participate in live virtual programs to earn IACET Continuing Education Units (CEUs), Professional Development Hours (PDHs) and NASBA Continuing Professional Education credits (CPEs)—credit availability, completion requirements, and number of credits vary by course and are confirmed with attendees upon registration and before and during a course.

Learn more about APPA’s Accreditation and Event Policies here.

Requirements for Successful Completion: Virtual

Registration is for individual access, so each person participating must register. If you have multiple people interested in attending, group discounts are available. To receive continuing education credits for live learning events, attendees must meet the requirements for successful completion which include:

Attendance: Individuals must attend at least 90% of all live sessions (based on electronic timestamps in Zoom).
Active participation: Engage in learning event activities (tracked electronically).
1. Activities vary by class: Active participation in class will include engagement activities such as: Zoom polling/check-in questions, reactions and chat box contributions, and knowledge-check quizzes (all tracked electronically). There may also be small group breakout sessions, in-class exercises, and Q&A sessions.
  1. Information on participation requirements will be provided at least 24 hours before (and at the beginning of) class.
Online evaluation: Each person must complete an online evaluation after the course concludes (tracked electronically).

Important Notes

Individual Registration: Each participant must register separately and will receive a unique Zoom login link. Attendees should join from their own computer to fully participate in discussions and exercises. Individual Zoom login links will be sent 24 hours before the course. Group discounts are available for multiple attendees.
No Partial Credit: Credit cannot be awarded for partial attendance.
Completion Certificates: Certificates will be available within two weeks of course completion via your APPA user portal (instructions provided) for those who meet the criteria for successful completion.
Session Recordings: All virtual sessions are recorded (unless otherwise noted). Attendees will receive access within one week of the final session. Recordings remain available for 90 days, but continuing education credits require live attendance.

Guidelines for Group Participation in Virtual Events

Individual Logins Recommended: If a group joins from a conference room, each participant should log in individually from a laptop to meet attendance and participation requirements.
If Individual Logins Are Not Possible:
- Designate one point of contact for the group.
- Email Academy@PublicPower.org before the event with:
  - Name of the person responsible for tracking attendance and participation (APPA can provide a sample tracker).
  - Submit the completed attendance record to APPA within 2 business days after the event.
  - Ensure each participant completes the required online evaluation.

Accreditation

What educational credits are available?

You can earn the following kinds of continuing education credits for attending live sessions — provided the Requirements for Successful Completion noted above are met:

Continuing Education Units (CEUs): The American Public Power Association is accredited by the International Accreditors for Continuing Education and Training (IACET) and offers IACET CEUs for its learning events that comply with the ANSI/IACET Continuing Education and Training Standard. IACET is recognized internationally as a standard development organization and accrediting body that promotes quality of continuing education and training. For information regarding certification status, attendance requirements and obtaining attendee transcripts, contact Academy@PublicPower.org. Verify our IACET Accreditation.

Continuing Professional Education (CPE) Credits: The American 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 website: www.nasbaregistry.org. For more information regarding administrative policies, such as clarification of requirements, complaints, and refunds, please contact Academy@PublicPower.org. Professional Development Hours (PDHs): The American Public Power Association’s educational practices are consistent with the criteria for awarding Professional Development Hours (PDHs) as established by the National Council of Examiners for Engineering and Surveying (NCEES). Course eligibility and number of PDHs may vary by state.

Professional Development Hours (PDHs): The American Public Power Association’s educational practices are consistent with the criteria for awarding Professional Development Hours (PDHs) as established by the National Council of Examiners for Engineering and Surveying (NCEES). Course eligibility and number of PDHs may vary by state.

Contact Us

Registration/Billing:Registration@PublicPower.org
Program/Content/Accreditation:Academy@PublicPower.org

Additional Information

Format and Log-In Information

These group, Internet-based classes will be offered on the Zoom meeting platform.

Communication

24 hours after registering: You’ll receive a confirmation email within 24 hours of registering, which contains some preliminary information.
24 hours before:
- You’ll receive your Zoom log in link the day before the first session in a course (sent from the APPA Academy’s Zoom account <no-reply@zoom.us>)
- You’ll also receive a final logistics email 24 hours in advance of the first class.
If you don’t receive this, email Academy@PublicPower.org.

Course Materials and Recordings

Zoom Links: Zoom log in credentials will be sent out 24 hours before the start of the first session in a class.
Course materials: Attendees will receive access to course materials the day before each session through the "Documents" section of their My.PublicPower.org user portal.
Recordings: All sessions will be recorded and can be accessed through your user portal as well (within a week of the last class in the program), in case you can’t attend the live versions. Recordings will be accessible for 90 days after the last session. Note: Continuing education credits can only be issued for attending live sessions.

Technology Requirements

Computer: Each attendee needs to work from their own computer, to fully participate in the discussions and exercises.
- Contact Academy@PublicPower.org if you are participating as a group in a conference room.
Zoom Meeting Access: You’ll need strong Internet access to run the Zoom meeting platform.
Audio/Webcam: You will need to enable computer audio to listen and speak (alternatively a call-in number will be provided) and you will also need a webcam, so you can fully engage in the small group breakout sessions and group discussions.
Download the Kahoot! App: The instructors will be using Kahoot during (and after) live sessions and will provide you with the game PIN number needed for each quiz. Go to the App Store (iOS) or Google Play (Android) and download the free Kahoot! app on your phone.

New to Zoom?

If you haven't participated in a Zoom meeting before, please download the Zoom web client from the Zoom Download Center. This will enable you to access all of the Zoom tools and functionality vs. using the web version. Then, visit Zoom.us/test to ensure you are able to join a meeting.

If you are not able to download the Zoom web client, you can still participate via your Internet browser. We recommend using Chrome for the best results.

Privacy and Security

The American Public Power Association takes your privacy and security very seriously. For this reason, we have put the following security measures in place for this course: