Pre-Conference

Electric Track: Concurrent 1, 2, 3 & 4
Tax Track
Accounting & Auditing Track
Management Track
The pre-conference workshops and user group meetings are optional sessions offered to conference
attendees at no charge. Pre-registration is recommended as the pre-conference workshops (not user group
meetings) are limited to the first 25 attendees.



Sun, July 31, 2016
8:00 a.m. - 12:00 p.m. E01. KRTA Certification, Phase I
  CFC Staff
Course Level: TBD
Field of Study: TBD
CPE Hours: 4.8 CPE
TBD
   
1:00 p.m. - 5:00 p.m. E02. Fundamentals of the Electric Distribution System
  Gary, Pfann, P.E., Director of Executive & Staff Education, NRECA
Course Level: TBD
Field of Study: TBD
CPE Hours: 4.5 CPE
As an accountant or consultant, you are involved in recording or auditing transactions that account for all aspects of the electricity sold to the members from the initial service order, to the construction of plant, to billing and collecting. How well do you understand the electric plant distribution system and how electricity is sold and distributed to your members, however? The goal of this pre-conference session is to discuss the electric distribution system from a non-engineering perspective in order to better understand the electric service the co-op provides and how it is provided.
   
1:00 p.m. - 5:00 p.m. E03. Preparing, Understanding and Presenting the Form 7
  Kim Mikkelsen, President KW consulting
Course Level: TBD
Field of Study: TBD
CPE Hours: 4.5 CPE
Electric utility financial reporting and accounting is driven by a uniform system of accounts resulting in industry wide standardization and comparability through the Form 7 This pre-conference session will discuss the importance of the Form 7 in a cradle to grave format, starting with an overview of the Uniform System of Accounts and then progress to preparing the Form 7. The preconference session will then address how to analyze the data obtained in a Form 7 and the conclude with how to present such data to the Board of Directors.
   
1:00 p.m. - 5:00 p.m. E04. Electric Utility Plant Accounting, Work Orders, Other Plant Accounting Topics & Depreciation
  Robert Benson, Retired, Field Accountant, Rural Utilities Service, U.S. Department of Agriculture
Course Level: TBD
Field of Study: TBD
CPE Hours: 4.5 CPE
This session is for all employees of utilities who have any part in the utility plant construction and retirement process. It will discuss all aspects of the Work Order Accounting System including - RUS/FERC requirments, the purpose and process (types and includible costs), record units, continuing property records, the basis for depreciation, requirements of RUS Bulleting 183-1, sample depreciation rates, and when & how to use dpreciation studies.
   
1:00 p.m. - 5:00 p.m. T01. Basic Agriculture Cooperative Tax
  David Antoni, Tax Managing Director KPMG LLP, Eric Krienert CPA, Director Moss Adams LLP, Mary Denler, CPA Senior Manager Tax, Baker Tilly Virchow Krause LLP, Rebecca Smith CPA, MST, CliftonLarsonAllen LLP.
Course Level: Basic
Field of Study: Tax
CPE Hours: 4.5 CPE
This session will provide an introductory perspective of the Principles of Cooperative Taxation and include sub topics such as but not limited to: Fundamentals of the Cooperative Tax System, Definition of a Cooperative, Taxation of Cooperatives and Patrons, Redemption of Patronage Capital, Reorganizations and more.
1:00 p.m. - 5:00 p.m.  
  A01. Intermediate Agriculture Cooperative Accounting
  Phil Miller, NSAC Assistant Education Director and Bill Erlenbush NSAC Education Director
Course Level: TBD
Field of Study: TBD
CPE Hours: 4.5 CPE
This session will provide participants with a mix of background information on various cooperative related accounting procedures both involving basic and some advanced accounting concepts. The session will address Equity Management, Inter-Cooperative Investments, Co-op GAAP and Co-op Financial Statements