IP3, Training: t_workshops_1007 updated 10_06

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COMPETITIVE UTILITY MANAGEMENT SERIES

Auditing and Financial Review of Regulated Utilities:
Cost Accounting Systems, Reporting Requirements, and Modeling Techniques

Locations	Dates	Tuition	Catalog #	CEU's	Language
Washington, D.C.	April 12-23, 2010	US $4,750	1007-WA	6.0	English
*All Course Participants Receive a Laptop Computer!*

Benefits | Who Should Attend | Course Learning Objectives | Course Content |

How You Will Benefit:

Learn the key processes for preparing a utility audit
Understand the format and procedures of technical and financial reporting for relevant stakeholders
Understand the interrelated nature of data collection, cost accounting, pricing and tariffs
Learn the key financial/pricing information required by regulatory authorities
Understand enforcement mechanisms related to financial reporting and management in regulated utilities
Exposure to current issues of financial reporting related to universal service obligations, interconnection schemes, and commercialization of utilities
Site visits and meetings with utilities and regulatory authorities in the United States to discuss technical and financial reporting requirements
Develop your own Auditing and Fiancial Review Action Plan
Use your new laptop computer for Internet research, access to course materials during and after the course, case study analysis, simulation exercises, and to create your Action Plan
Network and build professional relationships with your fellow participants and leading policy, regulatory, and financial specialists

Technology and Training at IP3

At IP3, we believe there is a tremendous opportunity to integrate information and communication technology into education and training. In all of our Washington, D.C.-based courses, each participant is provided a new mobile Intel CoreDuo® or AMD Turion® laptop computer (as part of the course fees) that will be integrated into the learning process through the following:

Course materials provided via dedicated intranet site
Internet research and communication tools via broadband wireless (Wi-Fi) access in the classroom
Case study and simulation activities
All Action Plans will be completed and submitted electronically

After the course is concluded, access to course materials and discussion boards will be available for up to two weeks to facilitate worldwide networking and follow up with participants.

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Who Should Attend

Senior Financial, Regulatory, and Legal Managers/Staff from Utilities

Officials from Infrastructure/Public Services Regulatory Bodies

Policy Makers from Line Ministries Responsible for Coordination of Utility Sectors

Government and Independent Auditors

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Course Learning Objectives

Regulated utilities, service providers, and regulatory agencies alike must be capable of collecting, analyzing, presenting, and reviewing technical and financial data to a range of critical stakeholders and constituents. In this course, participants will learn the international best practices in technical and financial data preparation, analysis, auditing, and enforcement of financial reporting regulations, as well as how utilities can comply with such regulations. Through expert-led sessions, meetings, experiential learning, and site visits with US industry regulators and utilities, participants will gain a comprehensive understanding of the issues related to financial information and performance of utilities in competitive utility markets.

This course contains five modules that will be covered over a two-week period. Participants will be responsible for attending all presentations and site visits, actively participating in discussions, case studies, and group exercises, and complete a strategic Action Plan for you to implement upon return to your organization.

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Course Content

Module I:

Key Strategic Elements of the Utility Audit

Determining the overall audit structure: regulatory and government compliance requirements
Strategic planning for audit inputs and outcomes
Preparing the documentation for the appropriate audience: regulatory agencies, consumers/customers, government agencies, and the press

Module II:

Creating the Technical Audit Report

Determining the overall goal(s) of the technical audit report: required reporting, tariff review, or capital investment
Developing the outline, processes, and procedures
Data identification, analysis processes, and supporting documentation

Module III:

Creating the Financial Audit Report

Determining the overall goal(s) of the financial audit report(s): required reporting, tariff review, or capital investment
Developing the outline, processes, procedures, and supporting documentation
Determining the required financial data, organization of data, and presentation structure
Understanding financial reports and data and their implication on pricing, tariffs and competition
Absence of adequate cost data: implications on costing and monitoring

Module IV:

Cost Accounting and Financial Reporting

Understanding the links between cost accounting and tariff/pricing strategies
Rate of return method and financial reporting requirements
Price cap method and financial reporting requirements
Preparing cost models for public tariff reviews and rate hearings

Module V:

Emergent Issues

Commercialization and competition implications on financial reporting
Financial implications of universal service funds
Monitoring and reporting on pricing under universal service schemes
Pricing strategies for interconnection (telecoms & electricity)
Pricing models for interconnection (telecoms & electricity)

Module VI:

Action Planning

Prior to completing the course, IP3 requires participants to complete an Action Plan detailing how they will apply their new knowledge and skills on-the-job. IP3 has developed a four-step process to guide participants in developing their action plans. Our expert faculty members conducts several action-planning sessions throughout the course to assist each participant to develop his/her plan. On the last day of the course, each participant will present his/her action plan to the group for peer review and comments.

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CEU Certification Eligibility

Certified Regulation Specialist™

COURSE REGISTRATION FORM

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