|Contributions||United States. Federal Energy Regulatory Commission.|
|The Physical Object|
|Pagination||1 v. (loose-leaf) ;|
View a sample of this title using the ReadNow feature. Accounting for Public Utilities provides a comprehensive analysis of accounting for public utilities, bringing into focus all the special types of accounting rules, situations, and adaptations that are essential in this highly specialized industry. Highlights include: • Discussion of ratemaking concepts, including styles of Price: $ Features of this work include: a discussion of ratemaking concepts, including styles of ratemaking, determining utility rate base, cost allocations and normalization; an analysis of regulatory accounting and reporting requirements; and an explanation of accounting for taxes, public utility regulation, management accounting systems, pricing and. Public Utility Accounting: Theory and Application (MSU public utilities studies) by James E. Suelflow | Jun 1, Hardcover Accounting and Financial Reporting for Public Utilities Including RTOs (US Federal Energy Regulatory Commission Regulation) (FERC) ( Edition) by The Law Book Depository Books With Free Delivery Worldwide. Regulatory Commission (FERC) requires public utilities and licensees to maintain their books and records in accordance with the Commission’s Uniform System of Accounts (USOA). • The USOA provides basic account descriptions, instructions, and accounting definitions that are useful in understanding the information for reporting.
The utility shall be prepared to show at any time and to report to the Commission annually, or more frequently, if required, and by utility plant accounts ( to ) the following: (1) The book cost of common utility plant, (2) The allocation of such cost to the respective departments using the common utility plant, and (3) The basis of the allocation. entities. We have expanded several sections in this year’s publication that concentrate on accounting and reporting considerations related to the new accounting standards, including the discussion of those specific industry matters that remain outstanding with the AICPA’s Power and Utility Entities Revenue Recognition Task Force. Utility Accounting takes fundamental accounting concepts around financial reporting and adds a layer of complexity through regulatory and compliance requirements. Public Utilities have rates set by State and Federal commissions to ensure that they recover prudently incurred costs and earn a reasonable rate of return that does not overly burden. We are the American Institute of CPAs, the world’s largest member association representing the accounting profession. Our history of serving the public interest stretches back to Today, you'll find our ,+ members in countries and territories, representing many areas of practice, including business and industry, public practice.
FERC Accounting and Reporting Requirements. Filing Process includes a comprehensive application by the jurisdictional public utility involved in any of the covered Section activities. This is supported by: - Quarterly Financial Report of Electric Utilities, Licensees, and Natural Gas Companies. Applicability Requirements Prohibitions; Regulation G: Applies whenever a registrant required to file reports under Section 13(a) or 15(d) of the Exchange Act (other than a registered investment company), or a person acting on the registrant's behalf, discloses or releases publicly any material information that includes a non-GAAP financial measure. publication are sections on accounting and reporting considerations related to (1) carve-out financial statements and (2) the FASB’s and IASB’s new revenue standard. Also included is a section on accounting and reporting concerns specific to renewable energy. concentrate on accounting and reporting considerations related to (1) the new leases standard, (2) alternative revenue programs, and (3) asset retirement obligations. To highlight an industry sector growth area, we have also included a section on accounting and reporting concerns specific to renewable energy.