Course

Online Advanced Public Utility Accounting Course

This practical course examines the more complicated aspects of accounting theory and practice to inform planning and decision-making and help execute your day-to-day work more efficiently and effectively.
May 7 - 28, 2020
12:00pm EDT - 3:00pm EDT

Learn Together, Grow Together

Unable to attend an in-person class but interested in pursuing Advanced Public Utility Accounting training? Join us from May 7 - 28 as we debut this course as a series of four interactive online classes. It’s a convenient way to 'attend' the course, while still having the opportunity to interact with the instructor and your industry peers, while earning continuing education credits.

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 practical course examines the more complicated aspects of accounting theory and practice to inform planning and decision-making and help execute your day-to-day work more efficiently and effectively. Discuss how accounting principles and practices impact financial reporting to internal and external stakeholders. Learn about industry trends, new accounting standards, and strategies for ensuring future financial success.

Course Topics

Each in-depth learning module will be held from Noon – 3 p.m. Eastern. Attendees will receive a PDF of the materials in advance of each session and will participate in group discussions during each class:

May 7: Part 1
  • How generally accepted accounting principles impact your financial statements
  • Sustainability accounting standards explained
  • Setting up your utility’s bond rating for success
  • The utility of tomorrow: trends and the knowledge needed to be an effective finance professional

Instructor: Russ Hissom

May 14: Part 2 
  • Introduction to GASB and financial reporting
  • GASB standards update

Instructor: Bethany Ryers

May 21: Part 3
  • Industry methods for allocating costs in a multi-service utility
  • Regulatory accounting – the cure for matching rate relief to reality
  • Financing utility infrastructure projects
  • The role of finance in establishing controls to guard against fraud

Instructor: Russ Hissom

May 28: Part 4 
  • Accounting for pensions and other post-employment benefits
  • Accounting for impairment of capital assets
  • Analyzing financial statements
  • Utility metrics and impact on your business strategy

Instructor: Bethany Ryers

Course Level

Intermediate/Advanced: No prerequisites; no advance preparation. Recommended as a follow up to the Public Utility Accounting in person course.

Accreditation

The following continuing education credits will be provided, after successfully completing each of the four sections. Completion certificates will be emailed out within a day of each live event.

Per session: Recommended CEUs .3/PDHs 3/CPEs 3.2 (all four: CEUs 1.2/PDHs 12/CPEs 12.8)
Field of Study: Accounting

Recommended for

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

Instructors

Russ Hissom, CPA, CIA, CISA, CRMA is a partner emeritus in Baker Tilly's energy practice with a focus on assurance and advisory services for power and utility organizations. 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. Russ is a co-author of recent publications on Information Technology Governance, Advanced Public Utility Accounting, Sustainability Accounting Standards for Utilities and Enterprise Resource Planning System Selection Best Practices.

Bethany Ryers, CPA, MAS is a Firm Director in Baker Tilly's energy practice with a focus on assurance and advisory services for power and utility organizations. Bethany has helped some of the country’s largest public power systems implement the latest governmental accounting standards. She is involved with a number of state electric, water and wastewater organizations and is also a member of the American Institute of Certified Public Accountants and several state accounting associations. Bethany is co-author of the recent publication Advanced Public Utility Accounting.

Questions?

Contact us at [email protected].

Registration

Register Now

Registration fees: $995 for members; $1,990 for nonmembers

Not a member? Join today and save on your course registration. Call Member Services at 202-467-2926 to learn more.

Cancellations/No-Show/Refunds/Substitutions

Registrants who cancel in writing on or before April 30, 2020, are entitled to a refund of their registration fee, minus a $50 cancellation fee. Registrants who cancel after April 30 will not receive a refund, but attendee substitutions will be allowed for this event only. Registrants and no-shows who do not cancel by April 30 are responsible for the full registration fee and are not entitled to a refund.

Questions?

Contact us at [email protected].

Earn While You Learn!

Participate in the online program to earn Continuing Education Units (CEUs), Professional Development Hours (PDHs) and Continuing Professional Education credits (CPEs).

Attendees are required to attend and participate in the entire learning event and complete an online evaluation at the end of each class. Partial credit is not given. Attendance and participation will be monitored by an APPA staff member and completion certificates will be emailed out within a week of the last session in the program.

What educational credits are available?

Academy events include the following opportunities for educational credits:

  • Continuing Education Units (CEUs) - The American Public Power Association is accredited by the International Association for Continuing Education and Training (IACET) and. For information regarding certification status, attendance requirements and obtaining attendees transcripts, contact [email protected] or 202-467-2965.
  • 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.learningmarket.org. There are no prerequisites for the courses offered; no advance preparation is required for any courses. All courses are group-live offerings. Credit hours and areas of study for the courses are listed on the individual course pages. For more information regarding administrative policies, such as clarification of requirements, complaints, and refunds, please contact [email protected].
  • 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.


 

Technology Platform and Log-In Information

These live sessions will be hosted through Zoom. Instructors will combine lecture style teaching with interactive features to stimulate dialogue and participation. Instructions on how to join and participate in these events will be sent out in advance of each section. 

Training Materials

Attendees will receive emailed copies of the course materials in advance of each session.

Technology Requirements

Zoom can be used on laptops, desktops, tablets, and smartphones. Participation is required during class, though using a webcam is optional. The current technical requirements for Zoom, along with recommendations for various devices, are available on the Zoom website:

  • Desktop Computers (Windows and Macintosh)
    See the Zoom Help Center documentation for system requirements for Windows and Macintosh desktop computers
  • Mobile Devices (Smartphones and Tablets)
    See the Zoom Help Center documentation for system requirements for mobile devices such as smartphones and tablets running either the iOS or Android operating system.