Utility Accounting Education Update
Insights to maximize the opportunities in the Power and Utilities industry
utilityeducation.com
March, 2023
This month’s issue: operating in a high inflation environment, how you can dance the SBITA, and do a check-up on your goal progress!
The excitement never stops in the accounting world, so read on if these are of interest and/or forward to a friend! If not, submit some topics you’d like to see in this newsletter.
Is high inflation giving you budget heartburn?
As high inflation and electric supply chain and labor shortages impact our budgets, what are some proven methods for weathering the environment? Here are lessons from the past that will still work today.
Learn to dance to the SBITA!
No, this is not a flaminco dance, but an accounting standard (GASB 96) to record cloud software costs. It’s effective now, see our easy implementation examples.
The UAES article library covers introductory and advanced co-op, FERC, and utility accounting, developing electric rates, and financial management. We include practical examples you can use now in your electric cooperative or utility!
1st quarter 2023 goal checkup
Just like the annual physical, a goal checkup is a must to stay on track. Here’s a first quarter framework you can follow in 30-minutes.
New to the Power and Utilities business? Here’s a FREE course for new accounting and finance team members!
Introduction to the Electricity Business 2.0!
The more you know about the electric business, the better value you bring to your organization and to your career!
This FREE course will give you a high-level overview of how an electric utility and cooperative gets electricity to its customers, how it operates, the level of oversite governance, and the finances that make for a healthy business. You will be able to immediately use this information in your day to day work and "speak electric" with your peers! Be an expert in 30 minutes!
Thank you for your support and interest in best practices in accounting, developing electric rates, and financial management. The Power and Utilities Industry is the foundation for a vibrant economy and an integral part of our society!
Just for reading this far down the newsletter you’ll get 20% off a 12 month All-Access UAES membership! Just use the code Newmember20 at checkout!
Spring is here with new energy everywhere! Here’s some thoughts:
“Spring is the best life coach: It gives you all the energy you want, all the positive thoughts you wish and all the boldness you need!”
“Change is inevitable. Change will always happen, but you have to apply direction to change, and that’s when it’s progress.”
“The promise of spring’s arrival is enough to get anyone through the bitter winter!””