Start Date: 2/12/2025 9:00 AM CST
End Date: 2/13/2025 12:00 PM CST
Venue Name: Florian Gardens Conference Center
Location:
2340 Lorch Ave
Organization Name:
Wisconsin Electric Cooperative Association
Contact:
Registration: 8:30 a.m.
Program (Day 1): 9 a.m.-4 p.m.
Program (Day 2): 9 a.m.-12 p.m.
Work Orders Accounting Workshop 1-1/2 Skill Builder Credits
For almost all electric cooperatives and utilities, the biggest investment is the electric infrastructure assets including poles, wire, transformers, and the like. It’s a complex process to take raw materials, labor, and overheads and convert them to a continuing property record (CPR). Are we capitalizing the costs or expensing them? What about depreciation? Not only is the work order accounting system complex, it’s expensive. How are we going to pay for this infrastructure investment? What about repairs and maintenance? And storms? Or Federal Emergency Management Agency (FEMA) payments from a declared disaster? How about contributions in aid of construction (CIAC)? What is so special about special equipment?
Beyond that, there are many details, such as when a work order needs to be set up. What do I do with this staking sheet (electronic or paper)? And once the project is complete, then what? Together, we will step through this intricate process to understand the components, as well as understand how it shows up on the monthly billing statement to the consumer. Measuring and benchmarking ratios and internal controls are critical when it comes to the biggest investment on the balance sheet.
This course is designed for any and all employees to benefit from the working knowledge of this critically important process.
*This is a 1½-day program ending at noon on the second day.
