Wednesday, May 26, 2010
8:30 AM – 2:30 PM
Golden Eagle Resort
Stowe, Vermont

A Workshop for Public
Power Officials

Fees ( includes lunch)
NEPPA Members $170
Non – Members $ 250

Late cancellations may be subject to meal costs.

The course will be presented at the
Golden Eagle Resort
511 Mountain Road (Rt. 108)
Stowe, Vermont.
Overnight rooms are available at the Resort at a cost of $79 plus tax for participants in the program. Rooms may be reserved by calling the Resort at 802-253-4811 and mentioning NEPPA.

To register click here.

To print out a brochure with a program outline, click here.

If questions, contact Sheila Boone at
(508) 482-5906, or sboone@neppa.org

About the Program

This one-day course will cover the fundamentals of utility accounting for new utility accountants and those involved in related positions who have a need to understand how accounting affects other aspects of utility operations. The course will cover the basics of utility operations and terminology, including the following accounting topics: using a prescribed uniform system of accounts (e.g., FERC Chart of Accounts); cash vs. accrual accounting; work order systems for capitalizing a self-constructed plant; the general ledger and subsidiary ledgers; the four accounting cycles (revenue, collections, disbursements, and payroll). Participants will learn about the following topics and concepts:

• The unique nature of utility accounting
• Accounting hierarchy
• Four sets of books
• Financial statement presentations and
disclosures
• Important FASB interpretations
• Uniform system of accounts
• Financing Issues
• Fixed asset accounting
• Other operations accounting

Speakers

Clifford Abbott, MBA, CPA, is a Principal with the firm of Berry, Dunn, McNeil & Parker (an affiliate member of the Northeast Public Power Association), one of the largest independent public accounting and management consulting firms in New England. He is the Director of the firm’s Utility Practice, and has extensive experience with utility rate cases, cost of service studies and other regulatory matters for public utilities. He holds a BS from the University of Maine and an MBA from Babson College. He is a member of the American Institute of Certified Public Accountants.

John Robertson, is a Senior with the firm of Berry, Dunn, McNeil & Parker. He provides auditing and consulting services to electric, water and telecommunications companies throughout New England. His expertise includes financial statement preparation and analysis, financial forecasts and projections, and jurisdictional cost studies and revenue settlements. He holds a BA degree in Accounting from the University of Maine.