Public Utility Accounting

2 Credits: Accounting


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Public Utility Accounting

Course Level
CPE Credits

2 Credits: Accounting

Course Description

The Public Utility Accounting self-study CPE course is tailored to equip participants with a deep understanding of the accounting principles and practices unique to the public utility sector. By exploring the usage and contents of the Uniform System of Accounts and detailing the characteristics of capital assets, this CPE course provides the foundational knowledge necessary for effective financial management within public utilities. Participants will learn the specific rules for recognizing plant costs, accounting for asset retirements, and capitalizing financing costs, alongside identifying various asset types and understanding continuing property records. This knowledge not only aids in compliance with regulatory standards but also enhances the ability to make informed financial decisions, benefiting public utilities with improved accuracy in financial reporting and asset management.

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Learning Objectives

Upon successful completion of this course, participants will be able to:

  • Recall the type of fund within which a public utility’s activities are recorded.
  • Identify the source, usage, and contents of the Uniform System of Accounts.
  • Specify the characteristics of a capital asset.
  • Recall the rules for recognizing the cost of plant.
  • Recall the accounting for an asset retirement.
  • Specify the accounting rules for the capitalization of financing costs.
  • Identify the different types of assets within a public utility.
  • Recall the contents of continuing property records.
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Course Specifics

Course ID
Revision Date
February 1, 2024

There are no prerequisites.

Advanced Preparation


Number of Pages

Compliance Information

NASBA Provider Number: 103220

CMA Notice: Western CPE makes every attempt to maintain our CMA CPE library, to ensure a course meets your continuing education requirements please visit Insitute of Management Accountants (IMA)

CFP Notice: Not all courses that qualify for CFP® credit are registered by Western CPE. If a course does not have a CFP registration number in the compliance section, the continuing education will need to be individually reported with the CFP Board. For more information on the reporting process, required documentation, processing fee, etc., contact the CFP Board. CFP Professionals must take each course in it’s entirety, the CFP Board DOES NOT accept partial credits for courses.

Meet The Experts

Steven M. Bragg, CPA, is a full-time book and course author who has written more than 300 business books and courses. He provides Western CPE with self-study courses in the areas of accounting and finance, with an emphasis on the practical application of accounting standards and management techniques. A sampling of his courses include the The New Controller Guidebook, The GAAP Guidebook, Accountants’ Guidebook, and Closing the Books: An Accountant’s Guide. He also manages the Accounting Best Practices podcast. Steven has been the CFO or controller of both public and private companies and has been a consulting manager with Ernst & Young and …