Event Calendar

Tuesday, September 11, 2018

Cooperative Finance and Accounting for the Non-Accountant (MEC)

Start Date: 9/11/2018 9:00 AM CDT
End Date: 9/11/2018 4:00 PM CDT

Venue Name: Comfort Inn & Suites

W10170 State Highway 54
Black River Falls, WI  United States  54615

Organization Name: Wisconsin Electric Cooperative Association

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

PLEASE NOTE LOCATION CHANGE (there was a fire at Stoney Creek in Onalaska, so we needed to change meeting location to Black River Falls)
Location: Comfort Inn & Suites
Room Block Name:  WECA
Room Cut-Off:  August 11, 2018
Rate:  $80.10+tax/night

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

Cooperative Finance and Accounting for the Non-Accountant (#655.1)
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 your 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.
NOTE: Management Essential program credits count towards your Supervisor and Manager Development Program (SMDP) certificate.

Online Registration

Registration is Closed
Closed: 9/11/2018 4:00 PM

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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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