Utility Accounting 101
May 9, 2018
Houston, TX

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If this course is of interest you may also be interested in FERC Accounting 101, May 10 in Houston

This training was designed primarily for non‐accountants in the energy and utility field. We will break down key accounting concepts that are unique to the energy and utility field. The goal is for participants to have a better understanding of the accounting function and how their role fits into the accounting function.

Learning Outcomes

  • Explain the fundamental differences of utility accounting from other corporate entities
  • Discuss the basic accounting and financial principles and terminology of a utility
  • Examine financial statements and notes
  • Describe a uniform system of accounts
  • Identify where to correctly post expenses
  • Review revenue process from meter reading to collection of accounts receivable



EUCI has been accredited as an Authorized Provider by the International Association for Continuing Education and Training (IACET).  In obtaining this accreditation, EUCI has demonstrated that it  complies with the ANSI/IACET Standard which is recognized internationally as a standard of good practice. As a result of their Authorized Provider status, EUCI is authorized to offer IACET CEUs for its programs that qualify under the ANSI/IACET Standard.

EUCI is authorized by IACET to offer 0.7 CEUs for this event.


Instructional Methods

This program will use PowerPoint Presentations, group discussions, as well as active participation.

Requirements for a Successful Completion of Program

Participants must sign in/out each day and be in attendance for the entirety of the course


Wednesday, May 9, 2018

8:00 – 8:30 a.m. :: Registration and Continental Breakfast

8:30 a.m. – 4:30 p.m. :: Course Timing

12:00 – 1:00 p.m. :: Group Luncheon

Understanding what makes utilities different from other corporate entities

  • Many different reporting standards and discussion of those standards
  • Uniform System of Accounts
    • Gain an understanding of CFR Part 101 and 201
  • Heavy control focus – discussion of controls and when and where they must occur
    • COSO Framework
    • How to apply an effective control structure
  • Rate regulated
    • Discussion of rates, how they are set (recovery of “prudent” costs) and how certain revenues and expenses can be deferred into future periods
    • Rate structure in a monopoly marketplace
    • Cost of service and rate design
  • Overview of the revenue process from meter reading to collection of accounts receivable
  • Overview of the inventory process

Financial statements

  • Gain an understanding of financial statements
  • Gain an understanding of the notes to financial statements

Overview of the disbursement (expense) process

  • Posting of expenses – where expenses are posted matters!!


Julie Desimone, Partner, National Practice Leader, Energy & Utilities, Moss Adams, LLP

Julie is the leader of the firm’s Energy & Utilities Practice and has been providing auditing, accounting, and consulting services since 2000. She serves clients in the energy and utility industry, including enterprise funds of governments. Some of her specific areas of focus include: advanced utility accounting, regulatory assets and liabilities, technical auditing (including A-133 single audits), contracting, internal control evaluation, litigation support, and relationship management.

Julie currently serves on the firm’s training and development committee, audit task force, and recruiting program. She is also a regular speaker on technical and operational issues related to the energy and utility industry.


Hyatt Regency Houston
1200 Louisiana St
Houston, TX 77002

To reserve your room, please call 1-713-654-1234 or book online here.
Please indicate that you are with the EUCI group to receive the group rate.

Room Rate:

The room rate is $189.00 single or double plus applicable taxes.

Room Block Dates:

A room block has been reserved for the nights of May 8 – 9, 2018.

Rate Available Until:

Make your reservations prior to April 24, 2018. There are a limited number of rooms available at the conference rate. Please make your reservations early.


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