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ASC 980/GASB 62 Implementation Plan Template

Electric cooperative and utility ASC 980 and GASB 62 accounting is your friend regarding transactions that cannot be recovered in customer rates. Implementing these accounting principles is not difficult, but systematic steps should be followed to make sure the implementation goes smoothly. This template details:

• The steps to use to implement ASC 980 or GASB 62 regulatory accounting

• Common areas for using ASC 980 or GASB 62

• The calculation of the impact on rates (per kWh, CCF, gallons) that using ASC 980 or GASB 62 treatment will have on overall rates

• The template includes links to reference tools and courses that dig deeper into the process.

The template includes links to reference tools and courses that dig deeper into the process. Use this template to mitigate large expenses or revenue impact on your budget and customer rates!