Online Public Utility Accounting Course

This foundational course—presented in a new online format—is designed around the FERC Uniform System of Accounts, covering every relevant FERC account.
June 24 - July 15, 2020
2:00pm EDT - 4:00pm EDT

Virtual Training

Unable to attend an in-person class but interested in pursuing Public Utility Accounting training? Join us on Wednesdays from 2-4 p.m.—from June 24-July 15—as we debut this popular 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, your industry peers, and earn 9.6 CPE credits. This course combines real-time presentations, group discussions, exercises, and Q&A sessions.

Course Overview

This foundational course is designed around the Federal Energy Regulatory Commission (FERC) Uniform System of Accounts (USoA), covering every relevant FERC account. Review the proper usage of each account, the role of accounting in public utilities, preparation of FERC-based income statements and balance sheets, the supporting charts of accounts, and proper coding for all FERC account activities. Learn about the role of accounting in public utilities, FERC accounting procedures, the uniform systems of accounts, and utility accounting subsystems. 

Prepare a FERC Income Statement based off of a test case and then apply your knowledge during an exercise, which addresses the proper coding for all FERC account activities. The instructor will also compare and contrast how investor owned utilities utilize the system vs. municipal utilities. 

Participate in four, real-time sessions, to learn:

  • Accounting for operating revenues and expenses
  • Introduction to utility property and plant accounting
  • Introduction to FERC uniform system of accounts
  • Applicability of generally accepted accounting principles to public utilities
  • Financial statement structure and presentation
  • Capital vs. expense determination
  • Allocation of indirect or common costs
  • Accounting for unbundled services


Attendees will receive a copy of APPA’s newly released Public Utility Accounting publication and electronic course manuals (in advance of the each session), as well a copy of the class recording, in case you miss a live event or want to review the content.

Course Topics

Each live, in-depth session will be held from 2 – 4 p.m. Eastern. 

Part 1-2: June 24 and July 1
  • Section One
    • Course Introduction and Objectives
    • Introduction of Uniform System of Accounts 
    • Incorporating FERC into Utility Chart of Accounts
  • Section Two
    • Accounting Information for Public Power Systems
    • Accounting Requirements
    • Users of Accounting Information
  • Section Three
    • FERC USOA: Instructions 
    • Definitions
    • General Instructions
    • Electric Plant Instructions
    • Operating Expense Instructions
  • Section Four
    • Balance Sheet Accounts
Part 3-4: July 8 and July 15
  • Section Five
    • Income Statement Accounts
    • Revenue and Expense Classifications
    • Operating Income
    • Other Income Statement Items
  • Section Six
    • Introduction to Accounting Applications
    • Allocations of Indirect Costs
  • Section Seven
    • Introduction to Accounting for Utility Property
    • Work Order System
    • Continuing Plant Inventory
    • Depreciation Accounting 
  • Section Eight
    • Basic Rate Design and Funding Concepts
    • Base Rates
    • Fuel Adjustment or Power Cost Adjustment Charges
    • Funding PILOT and Transfer 

Course Level

Basic: No prerequisites; no advance preparation. 


The following continuing education credits will be provided, after successfully completing each of the four sections. Completion certificates will be emailed out within two days of each live event. These classes will be recorded, though certificates can only be awarded to those who participate in a live event.

Per session: Recommended CEUs .2/PDHs 2/CPEs 2.4 (all four: CEUs .8/PDHs 8/CPEs 9.6) 

Field of Study: Accounting

Recommended for

Those who are new to public utility accounting practices or unfamiliar with the FERC accounting structure. This class is also useful for other utility staff—including management, technical personnel, and policymakers—looking to understand how accounting processes impact employees and various utility operational areas, the financial implications of capitalization vs. expense, etc.


Jerry McKenzie is a Senior Manager with the MGT Consulting Group and the author of APPA’s new Public Utility Accounting publication. He has an extensive 35+ year background in cost accounting concepts and practical applications. Having worked in both the private electric utility sector and the municipally owned environment, Jerry brings a broad and unique perspective to this course. He has extensive knowledge of the Federal Energy Regulatory Commission’s (FERC) statutes and regulations and has taught (and authored publications) on a variety of public utility accounting topics.


Register Now

Registration fees: $725 for members; $1,450 for nonmembers

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


Registrants who cancel in writing on or before June 17, 2020, are entitled to a refund of their registration fee, minus a $50 cancellation fee. Registrants who cancel after June 17 will not receive a refund, but attendee substitutions will be allowed for this event only. Registrants and no-shows who do not cancel by June 17 are responsible for the full registration fee and are not entitled to a refund. Email your cancellation request to [email protected].

Group Pricing

Save $50 on each registration when registering a group of 5 or more people. Contact [email protected] for details.


Contact us at [email protected].

Earn While You Learn!

Participate in this 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 two days of each class. These classes will be recorded, though certificates can only be awarded to those who participate in a live event.

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: 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

Presented in four, two-hour sessions, this engaging and practical online class features real-time presentations, Q&A, group discussion, and exercises.

These live sessions will be hosted through Zoom. The instructor 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 session.

Training Materials

Attendees will receive a copy of APPA’s newly released Public Utility Accounting publication and electronic course manuals (in advance of the each session), as well a copy of the class recording, in case you miss a live event or want to review the content.

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.

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:

  • Two-factor authentication for joining
  • A random Meeting ID
  • Password-protected
  • Enabled Waiting Room to screen meeting participants
  • Restricted screen sharing to hosts only