Electric Construction Accounting | Step 2 | Developing Overhead Rates

Step 2 in electric work order accounting is calculating and applying overhead costs to projects

Step 2 - Developing and applying overhead rates

Utility rates are driven by infrastructure spending to serve customers. Step 2 in the process is to make sure that projects carry all construction costs. Step 2 includes the approach to developing and applying overhead rates.
Standard construction units

What you'll learn in this course

  • You'll learn about how utility overhead costs are calculated and applied to construction projects

  • We'll discuss detailed journal entries used to charge utility overhead costs to projects

  • We'll discuss the impact that loading overheads on electric projects is important for developing electric rates

  • You'll take a quiz to reinforce your knowledge of this topic

  • In this 60 minute class you’ll earn 1.20 continuing professional education credits.

This course is for you if

  • Your job includes developing overhead rates for electric construction projects

  • You work in the accounting or engineering departments and your job includes setting up or closing electric work orders

  • Your duties include analyzing the inputs into overhead rates and how they change from year-to-year

  • You are an auditor of electric utilities or cooperatives and want insights into business processes in an electric work order system

Take the course today, benefit your organization, and build your knowledge and value! Get 50% off of the course fee when you take the Electric Construction Accounting course series - Steps 1 - 4. Use the code "workorder50" at checkout.

Meet your instructor!

Russ Hissom, CPA

Russ Hissom, CPA, is the owner of Utility Accounting Education Specialists (UAES). He has over 35 years of utility industry experience, serving as a partner in a national public accounting and consulting firm’s energy practice. Russ has worked with electric investor-owned and municipal utilities, and electric cooperatives, learning and leading industry best-practices. Russ brings this wealth of knowledge to every course, article, and book he develops. His speeches before national utility organizations share insights into helping utilities become more efficient and prepare for the “power and utilities organization of the future”. His goal is to provide value to you as an individual in your career development and to your utility/cooperative in these industry-focused areas.

Who should take this course?

  • Electric work order and fixed asset accountants

  • Finance managers

  • Engineering and design team members

  • Project managers charged with construction budget management

  • Electric construction team leads

  • Auditors of electric utilities and cooperatives

What background should I have to take this course?

  • No background in electric construction accounting is needed.

  • Some introductory knowledge of the electric industry is not necessary, but can help you experience more benefits from the course.

  • This class will show you what should be included in overhead rates, how to calculate overhead rates, and the detailed journal entries needed to record these costs in utility work orders.

What you'll get from this course

  • Course resources

    Over 30 + pages of course materials, including detailed examples and reports

  • Continuing Education Credits - CPE

    1.20 credits of CPE - Final approval of a course for CPE credits is based on the requirements of each states’ regulatory body

  • Analysis and insights

    Step by step processes for developing electric construction overhead rates, an understanding of why this is important and templates you can use to calculate overhead rates

Take the course today, benefit your organization, and build your knowledge and value! Get 50% off of the course fee when you take the Electric Construction Accounting course series - Steps 1 - 4. Use the code "workorder50" at checkout.

Watch Intro Video

Course Highlights

Course Overview

6 videos with reference materials

  • 1

    Electric Construction Accounting | FERC | Developing Overhead Rates

    • Welcome to the class!

    • Here's a tour of the course player!

    • Course Introduction - What will I learn from this class?

    • Developing overhead rates to reflect the full costs of construction

    • Course summary and key takeaways

    • Wrap-up Quiz - Developing overhead rates

Take the course today, benefit your organization, and build your knowledge and value! Get 50% off of the course fee when you take the Electric Construction Accounting course series - Steps 1 - 4. Use the code "workorder50" at checkout.

Complete one course and any future courses are 25% off!