UFAFP
UTILITY FINANCE AND ACCOUNTING FOR FINANCIAL PROFESSIONALS 
 

LAS VEGAS  —  May 22 - 24, 2013

LAS VEGAS — Oct 21 - 23, 2013

NEW ORLEANS — Oct 28 - 30, 2013

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 $42 for the seminars in May and $55 for the seminars in October.

Call  to make the room reservation (these codes will not work on their website) and tell them one of the following codes:

                       May 22-24 Seminar GSFA521
                       Oct  21-23 Seminar GSFA102

If you are unable to find a room, email us we may have a solution.

NEW ORLEANS

Harrah's New Orleans
228 Poydras Street
New Orleans, LA 70130
(800) 427-7247

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. Rates for our group are $169.

If you call for a room reservation mention one of the code below:

For the Oct 28-30, 2013 Seminar S10FAC3 or use this link on the web

If you are unable to find a room, email us we may have a solution.
 

INSTRUCTORS: Dr. Joel Berk and Dr. Robert Vigeland.

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 - Plant Write-Offs - Regulatory Assets and When to Remove Them COCKTAILS

DAY 2 — 8am to 4pm Capitalization Versus Expense - GAAP, Tax, Ratemaking and Managerial Accounting - Influences and Motivations - Problems in Recovery of Plant Costs - Retirement Units of Property 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  A Problem of Definition  - Statement of Cash Flows - Different Defintions for New Income, Op Inc and Cash Flow Accounting Methods and their Impact on Financial Metrics - EBITDA - Cash Flow - EPS - Debt/Capitalization - Leasing Example

DAY 3 — 8am to 3pm CWIP and AFUDC - AFUDC versus Interest Capitalization Credit Rating - S&P Targets for Bond Rating - Capitalization Ratios - Funds Flow Ratios - Adjustments to Financial Statement Figures 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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