Event Calendar

Thursday, October 15, 2020

Accounting for the Non-Accountant (PD)

Start Date: 10/15/2020 9:00 AM CDT
End Date: 10/15/2020 4:00 PM CDT

Venue Name: Stoney Creek Hotel & Conference Center

3060 S Kinney Coulee Rd
Onalaska, WI  United States  54650

Organization Name: Wisconsin Electric Cooperative Association

Wendy Fassbind
Email: wendy@weca.coop
Phone: (608) 467-4589

An inherent risk of exposure to COVID-19 exists in any public place where people are present.  By attending this event, you voluntarily assume all risks related to exposure to COVID-19.

Location: Stoney Creek Hotel & Conference Center
Room Block Name:  WECA Educational Program
Room Cut-Off:

Registration: 8:30 a.m.
Program: 9 a.m.-4 p.m.

Accounting for the Non-Accountant (PD #255.1)
1-1/2 Skill Builder Credits

Follow the money—what every co-op manager should know about accounting and finance. Participants will be engaged in a hands-on exploration of cooperative financial statements and learn how work has an impact on the bottom line. The course will take the mystery out of such financial terms as: TIER, equity ratio, capitalization, KRTA, Debt Service Coverage, depreciation, and the Form 7.

Key topics:
  • Describe the components of an operating statement
  • Describe the primary categories on a balance sheet
  • Differentiate between margins and cash
  • Explain the difference in operating and non-operating margins
  • Calculate common key financial ratios
  • Identify how departmental operations affect the cooperative’s financial outcomes
  • Differentiate between capitalized and expensed items
  • Explain how margins, capital credits, and plant growth affect members’ equity
  • Understand how benefits, overheads, aid-to-construction, plant additions, and work orders are accounted for on the financial statements.

Associate Membership

Associate membership in the Wisconsin Electric Cooperative Association provides a continuing opportunity for providers of goods, services, materials, and equipment to build and maintain networking contacts with Wisconsin's electric co-ops and others with interests and needs related to all aspects of the electric power industry.

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