Virtual Course

Online Work Order & Asset Management Accounting Course

This foundational course—presented in a new online format—covers basic and intermediate utility work asset management accounting concepts and applications.
August 19 - 26, 2020
12:00pm EDT - 3:00pm EDT

Virtual Training

Unable to attend an in-person class but interested in pursuing Work Order & Asset Management Accounting training? Join us as we debut this course as a series of two interactive online classes. It’s a convenient way to 'attend' the course, while still having the opportunity to interact with the instructors, your industry peers, and earn continuing education credits.

Timing

Participate in two, real-time sessions from Noon – 3 p.m. Eastern on August 19 and 26.

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 online course covers basic and intermediate utility work asset management accounting concepts and applications. Learn how to coordinate operations and finance processes to accurately account for projects. 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 the day-to-day realities of accounting for utility construction costs.

Course Topics

You’ll receive electronic materials in advance of each session and will participate in group discussions, Q&A sessions, and work through real-world examples.

August 19: Part 1
  • Introduction to the work order and asset management process
  • Using construction standards and compatible units
  • Costs included in the construction process
  • Unitizing construction costs and other common utility construction journal entries
  • Methods of allocating overhead costs
August 26: Part 2
  • Unitizing construction costs and other common utility construction journal entries (continued)
  • WAM software selection projects and implementation considerations
  • Developing capital budgets and capital retirement accounting
  • Helping you like your Continuing Property Records again
  • Process improvement and personnel training: train the crew, train the office in effective processes
  • Work order accounting and strategy implementation of the utility of the future

Recommended for

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

Accreditation

The following continuing education credits will be provided, after successfully completing both sessions. Completion certificates will be emailed out on August 31.

Recommended CEUs .6/PDHs 5.5/CPEs 6.4 
Field of Study: Accounting

Course Level

Basic/Intermediate: No prerequisites; no advance preparation. Attendees may also be interested in the Advanced Public Utility Accounting online course.

Training Materials

Attendees will receive electronic copies of the course materials in advance of each session, as well a copy of the class recording, in case you miss a live event or want to review the content.

Instructors

https://www.publicpower.org/system/files/documents/Hissom-Russ-speaker.jpgRuss 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.

Dan Le Haye photoDan La Haye, Manager, Baker Tilly, has been with Baker Tilly since 2011, serving on the energy and utilities team, and 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.

Registration

Register Now

Registration fees: $575 for members; $1,150 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 August 12, 2020, are entitled to a refund of their registration fee, minus a $50 cancellation fee. Registrants who cancel after August 12 will not receive a refund, but attendee substitutions will be allowed for this event only. Registrants and no-shows who do not cancel by August 12 are responsible for the full registration fee and are not entitled to a refund.

Group Pricing

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

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).

Recommended CEUs .6/PDHs 5.5/CPEs 6.4 
Field of Study: Accounting

Attendees are required to attend and participate in both learning events 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 on August 31.

Sessions are recorded (in case you miss the live version), though credits can only be given for attending live events.

What educational credits are available?

You can earn the following kinds of educational credits for attending live sessions during the conference:

  • Continuing Education Units (CEUs) from the International Association for Continuing Education and Training (IACET)
  • Professional Development Hours (PDHs) as established by the National Council of Examiners for Engineering and Surveying (NCEES)
  • Continuing Professional Education (CPE) Credits from the National Association of State Boards of Accountancy (NASBA)
  • Human resources credits from the Human Resources Certification Institute (qualifying HR sessions only)

Please note that you will only be able to earn educational credits if you attend both live sessions. We are not able to offer educational credits for watching recordings.

Format and Log-In Information

Presented in two, 3-hour sessions, this engaging and practical online workshop features real-time presentations, Q&A, online polling, and group discussions.

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 session. 

Technology Platform

Zoom was chosen for its ease of use, great handling of video, and accessibility. Attending a Zoom meeting doesn’t require any additional software installed on the attendee’s computer—it can run completely out of a web browser. We know that many organizations limit the installation of desktop clients, so using a service that can run using a web browser makes the meeting more accessible to our members. Zoom’s ability to support multiple video feeds will also enable online networking beyond the capabilities of many other platforms.

To ensure the best experience for attendees, it is also important that our staff have experience using the platform. APPA staff have such experience with Zoom, both as attendees and administrators. Zoom has been successfully deployed for Public Power Connect Virtual Summit & Business Meeting (our largest event of the year); in addition to several other summits, classes and meetings.  Staff have also participated in a number of other virtual conferences using Zoom, including events held by the American Society for Association Executives (ASAE); Dragos; the Energy Bar Association; among others.

We are aware some organizations have cybersecurity concerns regarding this platform. Zoom had several high-profile problems at the start of its recent rise to prominence. The company was responsive to these issues and addressed many of them. While it still may not be appropriate for hosting sensitive discussions, we do not feel Zoom presents any problems for hosting general interest discussions, like the sessions we have planned for the virtual summit.

APPA has implemented all the recommended precautions and best practices recommended to minimize the possibility of security issues, such as authenticating all participants are registered for the event, utilizing virtual waiting rooms, requiring meeting passwords, and creating unique URLs for all attendees to participate in the meeting.

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.