UFAFP
UTILITY FINANCE AND ACCOUNTING FOR FINANCIAL PROFESSIONALS 
 

LAS VEGAS  — May 17-19, 2010

SAN FRANCISCO—October 18-20, 2010

LAS VEGAS  — October 27-29, 2010

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 until a few weeks before the 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 $45 per night in May, $65 in October.

SAN FRANCISCO

SF State Downtown Campus
835 Market Street (near 4th Street)
San Francisco, CA 94103

In San Francisco we have not arranged any special rates with hotels, nor have we blocked out any rooms. There are many hotels in walking distance. Please make your arrangements early. If you are unable to find a room, contact us, we may have a solution.

INSTRUCTOR: Dr. Joel Berk with participation of Dr. Robert Vigeland and Kevin Berk at a one of the sessions.

CPE CREDIT: available in most states

OUTLINE OF THE SEMINAR:

DAY 1 — 8am to 4pm Rate of Return Regulation - Basics of Ratemaking - Determination of Rate Base - Revenue Requirement Issues Modifications to Rate of Return Regulation  - Adjustment Clauses, Trackers, Riders, Deferrals - Rate Freezes, Decoupling - Preapprovals - Formula Ratemaking Energy and Gas Adjustment Clauses  GAAP For Utilities - Why and How GAAP Differs - Specific GAAP - ASC 980 - Regulatory Assets and When to Remove Them COCKTAILS

DAY 2 — 8am to 4pm Capitalization Versus Expense - Ratemaking Recovery Issues - Stranded Costs - Problems in Recovery of Plant Costs Plant Issues - Accounting for Plant Retirement - Risks of Reserve Deficiency - Asset Retirement Obligations  -- ASC 410-20 - Mass Property Accounting  Accounting for Income Taxes - Permanent Differences - Temporary Differences - Intraperiod Tax Allocation - Utility's Deferred Investment Tax Credit   Unique Regulated Utility Accounting Issues - Acquisition Adjustment - Contributions in Aid of Construction and Adv for Construction - Utility Format for the Financials - A Problem of Definition - Net Income, Operating Income and Cash Flow

DAY 3 — 8am to 3pm CWIP and AFUDC - AFUDC versus Interest Capitalization Accounting Methods and their Impact on Financial Metrics - EBITDA - Cash Flow - EPS - Debt/Capitalization - Leasing Example International Financial Reporting Standards - Principal Rather the Rules Based    - IFRS creates bigger differences between Regulatory and Financial “Sets of Books” - Regulatory Assets and Liabilities - AFUDC versus Interest Capitalization - Mass Property Accounting Issues - Impairment Rules Bond Rating - S&P Targets - Capitalization Ratios - Funds Flow Ratios - Adjustments to Financial Statement Figures  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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