UFAFP
UTILITY FINANCE AND ACCOUNTING FOR FINANCIAL PROFESSIONALS
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LAS VEGAS — May 27 - 29, 2009 |
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LAS VEGAS — October 20 - 22, 2009 |
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NEW YORK —
October 26 - 28, 2009 |
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 May 5 for the May seminar and
Sept 28 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.
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 Oct 12. Rates for our
group are $299 per night.
INSTRUCTOR: Dr. Joel Berk
with participation of
Dr. Robert
Vigeland at a few of the sessions.
CPE CREDIT: available in most states
Prerequisite
-- Completion of FAI's Seminar for Non-Financial
Professionals or a position at the utility in
the finance, accounting or the rates area or an
educational background including at least three
classes in accounting. 22 CPE Credits for CPAs.
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 - FAS 71, 101,
90
- Regulatory Assets and When to Remove Them
COCKTAILS |
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| 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 --
SFAS 143
- Mass Property
Accounting
Accounting
Methods and their
Impact on Financial
Metrics
- EBITDA
- Cash Flow
- EPS
-
Debt/Capitalization
- Leasing and
Business Combination
Examples
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
Bond Rating
- S&P Targets
- Capitalization
Ratios
- Funds Flow Ratios
- Adjustments to
Financial Statement
Figures
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| DAY 3 8am to 3pm |
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Accounting for Income Taxes
- Permanent Differences
- Temporary Differences
- Intraperiod Tax Allocation
- Utility's Deferred
Investment Tax
Credit
CWIP and AFUDC
- AFUDC versus
Interest
Capitalization
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
Conclusions |
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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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