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Plant Accounting Fundamentals – Session 4

Plant Accounting Fundamentals – Asset In-Servicing & Retirement

Foundations Webinar Series

Learn best practices for utility plant accounting professionals in this Foundations webinar series.

During the EEI May 2023 Accounting Conference the Controller panel stated the most important concern for their utility accounting team was:
  1. Replacing Institution Knowledge
  2. Learning the Business
  3. Building internal partnerships based on their business knowledge
Would you agree?

Let’s meet these challenges head-on. We believe the first step is to help property accountants both new and seasoned understand their importance within the Utility organization. In our Plant Accounting Fundamentals webinar series, we will focus on the key components of the capital asset lifecycle and their interplay with operations. Ultimately, we will show the pivotal role Property Accounting plays in a utility’s bottom line through rate and regulatory recovery.

Session 4 Recording

00:00 – 07:18 Welcome and presenter introductions

07:18 – 11:20 Series summary and agenda for this session

11:20 – 23:30 In-Servicing Definition

23:30 – 28:10 Blanket vs. Specific Work Orders

28:10 – 37:48 Unitization of Additions

37:48 – 46:35 Asset Retirements

46:35 – 01:08:08 Process and System Controls

01:08:08 – End Tying it all together and Looking Ahead for the rest of the webinar series

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Join the Plant Accounting Fundamentals Course