Work Order & Asset Management (APPA) 2017

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Dates

 

October 18, 8:30 am - 3:30 pm

 

Location

 

NEPPA Training Center
200 New Estate Road
Littleton, MA 01460

 

Course Overview

 

This interactive course is designed to increase the effectiveness of work order asset management accounting. You’ll learn the steps needed to accurately account for and report utility construction costs. You’ll also learn accurate methods of storing and converting historical data to complement strategic utility initiatives in a changing industry.

 

This course does not have prerequisites nor does it require advance preparation.

 

Recommended CEUs / PDHs / CPEs

 

Recommended CEUs 6/PDHs 6/CPEs 7.2
Field of Study: Accounting

 

Who Should Attend

 

This course is designed for utility accounting, finance and operations personnel who are part of the work order process.

 

Course Topics

 

  • Overview of the work order and asset management process and the importance of accurate plant accounting and reporting
  • Developing and implementing a work order and asset management system
  • Plant accounting concepts and ways to implement and/or improve existing methods, including:
    • Determining supply chain efficiencies
    • The use of construction standards
    • Evaluating construction accounting business processes
    • Overhead cost allocation
    • Cost accumulation processes
    • Retirement accounting
    • Unitizing construction costs and closing work orders
    • Discussion on common utility construction accounting issues
    • Software selection and implementation considerations
    • Auditing construction projects
    • Overcoming organizational barriers

 

Agenda

 

8:30 am                          Introduction to the work asset management process

9:00 am                          Using construction standards and compatible units

9:30 am                          Evaluating construction accounting business processes

10:00 am                        Break

10:15 am                        Costs included in the construction process

11:00 am                        Unitizing construction costs and closing work orders

12:00 pm                        Lunch

12:30 pm                        Unitizing construction costs and closing work orders

1:15 pm                          WAM software selection projects

1:30 pm                          Break

1:45 pm                          Internal audit considerations on outsourced construction projects

2:30 pm                          Structure and use of continuing property records

3:00 pm                          Triaging your work order system

3:30 pm                          Adjourn

 

Click here to download the detailed agenda

 

Registration

 

Members: $495

Non-Members: $945

 

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Cancellations

 

Cancellations are accepted until Wednesday, September 20th.  Substitutions may be made at any time.

 


 

Instructor

 

Russ Hissom, CPA, CIA, CISA, partner on the energy and utilities team, has been with Baker Tilly Virchow Krause since 1983. Russ has extensive experience with contract compliance audits under jointly owned electric generation contracts, overhead cost allocation studies, enterprise risk management implementation projects, benchmarking studies, work order asset management implementation projects, construction reviews, management audits, financial and compliance audits of electric utilities, and specialized risk management and operational and financial training for utilities. He is a co-author of several APPA publications including: Advanced Public Utility Accounting, Information Technology Governance, Sustainability Accounting Standards for Utilities and Developing an Effective Utility Software Selection Process.

 

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