UFAFP
UTILITY FINANCE AND ACCOUNTING FOR FINANCIAL PROFESSIONALS
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LAS VEGAS — May 17-19, 2010 |
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SAN FRANCISCO—October 18-20, 2010 |
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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
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 -
ASC 980
- 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 --
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
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| DAY 3 8am to 3pm |
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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 |
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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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