What is NSAC's Cooperative Learning Network?
A NSAC Cooperative Learning Network is a live, interactive 60-minute conference presented over the telephone and over the Internet. You can attend from any location that has telephone and Internet access. You pay just one registration fee for as many participants as you wish at each call/log-in location.

Note that high-speed Internet access is not mandatory – the system works with dial-up but you must have separate connections for the audio and video portions. You may use cell phones for the audio if you have only one connection.

Who presents at one of these sessions?
Your Cooperative Learning Network will have one or more speakers who are recognized experts on the topic. Conferences typically include a Q&A session; you can ask questions by phone or instant messaging options.

CPE Credits
The National Society of Accountants for Cooperatives (NSAC) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors through its website: www.learningmarket.org.

Delivery Method: Group-Live.

CLN Policies
Refunds for CLNs are not provided. Registrants if unable to participate will be provided credit for a future CLN or may opt to be sent a copy of the CLN PODCast following the event. Note PODCasts are not eligible for CPE credit.

For more information regarding refund, complaint and/or CLN cancellation policies, please contact our offices at (937) 222-6707 or info@nsacoop.org.

What does my registration include?
Your registration includes long-distance charges for the audio portion and log-in to the video presentation. All handouts and presentation files are downloadable and may be printed out or saved to the participant's computer once they are logged in to the session meeting room. Sessions include one CPE Certificate of Attendance. Certificates for additional participants are $10.00 each.

Why NSAC Cooperative Learning Networks?

Fast.
No wasted time. Get right to the heart of the matter in a 60-minute session designed to easily fit into your busy schedule.

Convenient.
No airlines. No travel. No time out of the office. Listen and follow along from the comfort and convenience of your desk or conference room.

Easy.
A telephone and computer are all the equipment you need. Just dial in and log-in to the system. That's it.

Ideal for multiple attendees.
Use a speakerphone and projector and invite as many people as you want to participate - at no extra cost to you.

Affordable.
NSAC Cooperative Learning Networks are a fraction of the cost of travel and attendance fees for other high-priced conferences or seminars.

Cooperative Learning Network

Electric Plant Accounting & Depreciation
Date: Tuesday, January 28, 2014
Time: 12:00 PM ET / 11:00 AM CT / 10:00 AM MT / 09:00 AM PT [Prevailing Time]
Presenter(s): Bob Benson
Objective: To provide attendees an overview of the Work Order System, Cradle-To-Grave Accounting and accounting for General Plant Assets. It will address the basis and purpose for each as well as the procedures and records involved.
Field of Study: Accounting
Program Level: Intermediate
CPE Credit: 2 Credit Hour
Delivery Method: Group-Live

No advanced preparation or prerequisites are required for this course.

Course Description
The 2 hour presentation is designed for electric cooperatives as an overview of the Work Order System, Cradle-To-Grave Accounting and accounting for General Plant Assets. It will address the basis and purpose for each as well as the procedures and records involved. Time will also be devoted to a brief discussion of electric utility plant depreciation methods and rates. Although geared somewhat toward cooperatives utilizing RUS loan funds to finance the construction and acquisition of electric plant assets, the essential principles addressed are applicable to all electric cooperatives regardless of the sources of funding used.

Presenter Bio(s)
Bob Benson served Rural Utility Service (RUS) borrowers in various capacities for over 35 years and most of his career was spent as a Field Accountant in North Carolina, New England, New York, Indiana, Michigan and Ohio. He was responsible for conducting loan fund and accounting reviews of electric and telecommunications cooperatives and companies and distance learning and telemedicine loan and grant recipients. He also conducted work order and contracting seminars for electric and telecommunications borrowers, financial analysis seminars for USDA Rural Development employees in the Water and Environmental program in various states throughout the country, conducted depreciation studies as joint efforts with various electric distribution borrowers, and provided accounting and financing advice and guidance to the Electric, Telecommunications and Water and Environmental programs borrowers. He retired from RUS in 2008 and currently consults with electric cooperatives and public utility districts around the country providing a variety of accounting and training services.

A PODCast of this workshop is now availble. Click here to order/view.

Additional Information

For more information regarding this series or administrative policies such as complaint and refund, please contact the NSAC National offices, 136 S. Keowee St., Dayton, OH 45402, 937-222-6707, email: info@nsacoop.org