Event Calendar

Wednesday, March 16, 2022

Work Orders Accounting Workshop

Start Date: 3/16/2022 9:00 AM CDT
End Date: 3/17/2022 12:00 PM CDT

Venue Name: Comfort Inn & Suites

Location:
N6295 Holiday Drive
Black River Falls, WI  United States  54615

Organization Name: Wisconsin Electric Cooperative Association

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


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.
Please note that 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.


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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