UFAFP
UTILITY FINANCE AND ACCOUNTING FOR FINANCIAL PROFESSIONALS 
 

LAS VEGAS  — May 27 - 29, 2009

LAS VEGAS  — October 20 - 22, 2009

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

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

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

DAY 3 — 8am to 3pm 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

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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