UFAA
UTILITY FINANCE AND ACCOUNTING FOR ATTORNEYS
 

LAS VEGAS  — May 5 - 7, 2009                INSTRUCTOR: Dr. Joel Berk

DALLAS  — May 12 - 14, 2009      INSTRUCTOR: Dr. Robert Vigeland

NEW YORK — Sept 30 - Oct 2, 2009     INSTRUCTOR: Dr. Joel Berk

LAS VEGAS  — October 14 - 16, 2009     INSTRUCTOR: Dr. Joel Berk

HOTEL AND CITY INFORMATION

LAS VEGAS

Golden Nugget
129 East Fremont Street
Las Vegas NV 89101
(800) 634-3454

We have reserved a block of rooms at the hotel where the seminar will be held. Mention you are attending FAI's seminar. Call early. The block of rooms well be held open until April 10 for the May seminar and Sept 21 for the October seminar. This is an AAA four diamond hotel but has a low rate since it is during the week and we negotiated the rate. Rates for our group are $49 per night in May, $59 in October.

DALLAS

Marriott SpringHill Suites
1907 N. Lamar St.
Dallas TX 75202
214-999-0500

Seminar will be held next door at the Starlight Properties
603 Munger Ave.
Dallas TX 75202

We have reserved a block of rooms at the Marriott, next door to where the seminar will be held. Mention you are attending FAI's seminar at the hotel. Call early. The block of rooms will be held until April 20.  Rates for our group are $149 per night.

NEW YORK

Courtyard New York Manhattan/Midtown East
866 Third Avenue (at 53rd Street)
New York, NY 10022
(800) 321-2211

We have reserved a block of rooms at the hotel. Mention you are attending FAI's seminar. Call early. The block of rooms will be held until Sept 9.  Rates for our group are $299 per night.

CLE CREDIT: available in most states

To provide a working understanding of finance and accounting as applied to both the regulated utility and non-regulated companies.

Upon completion of the seminar, participants will be able to:
- Understand accrual accounting
- "Read" an annual report of a company
- Calculate key financial ratios
- See the link between finance and accounting and the rates a utility needs to charge
- Understand how a utility makes money now and what needs to be done for the future
- Analyze whether shareholder value is being created as opposed to net income

APPROACH:

Lecture and discussion with a note-taking outline provided to each participant. Extensive use of:
- A non-debit and credit approach
- Problem solving sessions
- Annual Report of a Utility Company
- Homework assignment
- Interaction with other participants
- Group case work

OUTLINE OF THE SEMINAR:

DAY 1 — 8am to 4pm Introduction Basic Accounting Concepts - Balance Sheet - Income Statement - Regulatory Assets - Stranded Costs Financial Statement Analysis - Return on Equity - Return to Common - Book Value and Market Value - Shareholder Value Created The Utility's Four Sets of "Books" - Financial Reporting - GAAP - Income Tax Accounting - Managerial Accounting - Rate Regulation Mock Rate Case - Advertising - Take or Pay Contracts Ethics Considerations COCKTAILS Homework: Financial Statement Analysis

DAY 2 — 8am to 4pm Accounting for Utility Plant - Straight Line Depreciation - Accelerated Depreciation - Capitalization Versus Expense - Methods of Capitalizing More or Less - Which is Better for the Utility Taxes - Temporary Differences - Deferred Taxes (Normalization) Cost of Capital - Weighted Average Cost of Capital - Risk Premium Approach - Discounted Cash Flow (DCF) Method Cost of Capital Case

DAY 3 — 8am to 3pm Present Value Analysis Present Value Exercise Shareholder Value - Free Cash Flow - Income versus Shareholder Value Maximization - Risk Considerations - How to Make Decisions Capital Budgeting - Cash Flow as affected by Taxes & Rate Regulation - Which Discount Rate to Use - Creating Shareholder Value Capital Budgeting Case Conclusions

For a more detailed outline of the topics see Detailed Outline.

To see comments from people who have already attended this seminar, see our testimonials.

For a list of organizations who have sent people to our classes, look at our previous participant list.

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