Course Code: EG2
Category: Energy
Dates, Venues & Fees:
May 23-Jun 03| Toronto|$6,950.00
Jun 13-Jun 24| Toronto|$ 6,950.00
Oct 04-Oct 14| Washington DC|$6,950.00
Duration: Two Weeks
Course Overview
Accounting plays a crucial role in today’s public utilities. Most decisions that utility managers, lenders, regulators and other governing bodies make require extensive use of accounting and financial information. Indeed, a utility’s ability to succeed is directly related to the quality of its accounting information.
State Energy Regulatory Commissions have established regulatory accounting and financial reporting requirements for its jurisdictional entities in the electricity, natural gas, and oil pipeline industries. These requirements play a vital role in the Commissions’ strategy of setting just and reasonable cost-of-service rates. In addition, the Commission issues accounting rulings relating to specific transactions and applications. This body of accounting regulations, orders, and guidance letters comprises the Commissions’ accounting and financial reporting requirements which promote consistent, transparent, and decision-useful accounting information for the Commissions and other stakeholders. These accounting and financial reporting requirements take into consideration the Commissions’ ratemaking policies, past Commission actions, industry trends, and external factors (e.g., economic, environmental, and technological changes, and mandates from other regulatory bodies) that impact the industries under the Commission’s jurisdiction.
Utility Accounting takes fundamental accounting concepts around financial reporting and adds a layer of complexity through regulatory and compliance requirements.
Target Audience
This course will greatly benefit:
- Accountants responsible for budgets preparations and management reporting
- Units Heads and Line managers responsible for budgeting
- Accounts managers a with budgeting and planning responsibility
- Professionals responsible for: accounting; treasury; financial reporting and corporate development
Course Outcome
Key Course Highlights
- Budget and strategy in the corporate environment
- The business planning and budgeting development process
- The different approaches to the budget and forecasting development process
- Understanding the different budgeting and forecasting techniques, approaches and methodologies applicable to different industries
- Appreciate the significance of behavioral aspects in budgeting and forecasting
- Understanding the techniques and methods of effective budgeting and forecasting and its impact on organization’s performance
- Activity-based budgeting and cost analysis techniques
- Capital budgeting and project appraisal