IP3, Training: t_workshops_1043-TT updated 02_3

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COMPETITIVE UTILITY MANAGEMENT SERIES

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

Locations	Dates	Tuition	Catalog #	CEU's	Language
Port of Spain, Republic of Trinidad & Tobago	REGISTRATION CLOSED! March 15-19, 2010	US $1,750	1043-TT	3.0	English

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

Who Should Attend

Government Officials from Ministries of Water, Energy, Electricity, or Public Works

Managers and Engineers from Water and Electricity Utilities

Management and Technical Staff from Regulatory Agencies

Economic and Financial Experts engaged in the water and energy sectors

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IP3/RICTraining Site Location in Trinidad

Regulated Industries Commission
Furness House
Corner Wrightson Road & Independence Square
Port-of-Spain
Republic of Trinidad & Tobago

IP3/RIC Preferred Lodging Accommodations in Trinidad

Crowne Plaza - (877 227 6963)
PORT OF SPAIN
WRIGHTSON RD & LONDON ST PO BOX 1017
PORT OF SPAIN,
TRINIDAD & TOBAGO

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.

The Institute for Public-Private Partnerships (IP3) in conjunction with the Regulated Industries Commission of Trinidad and Tobago (RIC) is pleased to announce a one-week intensive course on Auditing and Financial Review of Regulated Utilities: Cost Accounting Systems, Reporting Requirements, and Enforcement Techniques which will be held in Port-of-Spain, Trinidad, from March 15-19, 2010.

This course contains five modules that will be covered over a one-week period. Participants will be responsible for attending all presentations, actively participating in discussions, case studies, and group exercises, and complete a strategic Action Plan for 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 Utility Management Specialist™
Certified Regulation Specialist™

COURSE REGISTRATION FORM

Please select the course you wish to attend from
the drop-down list below

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