Processing of Work Orders for Electric Co-ops

Date: Wednesday, May 4, 2022
Time: 02:00 PM ET / 01:00 PM CT / 12:00 PM MT / 11:00 AM PT [Prevailing Time]
Presenter: Kacey Gast, CPA, Audit Partner, Bolinger, Segars, Gilbert & Moss, L.L.P.
Moderator: Bill Erlenbush, CPA, Director of Education, NSAC
Learning Objectives:
Participants will have a better understanding of:
• Overview of the work order accounting process
• Provide proper accounting treatment and classification of assets
• Importance of the correlation between materials, unitization, and standard costs
Field of Study: Production
Program Level: Basic
CPE Credit: 1 Credit Hour
Delivery Method: Group Internet-based
Prerequisite(s): No advanced preparation or prerequisites are required for this course.
  Order Recording

Course Description

This session is designed specifically for electric cooperatives to review the accounting process for construction and retirement of utility plant from the work order stage to unitization. This will include the audit perspective of this process along with industry trends and common mistakes to avoid. Kacey Gast, CPA, Audit Partner, Bolinger, Segars, Gilbert & Moss, L.L.P. will walk you through an overview of the work order accounting process, discuss the proper accounting treatment and classification of assets. and the significance of the correlation between materials, unitization, and standard costs.

Presenter and Moderator Bios

Presenter: Kacey Gast, CPA, Audit Partner, Bolinger, Segars, Gilbert & Moss, L.L.P.

Speaker: Kacey Gast, CPA, Audit Partner, Bolinger, Segars, Gilbert & Moss, L.L.P. Kacey Gast, CPA is an audit partner with the accounting firm Bolinger, Segars, Gilbert & Moss, L.L.P. located in Lubbock, Texas. Kacey graduated Magna Cum Laude from Texas Tech University in 2006 with a Bachelor of Business Administration in Accounting along with a Master of Science in Accounting. Kacey joined Bolinger, Segars, Gilbert & Moss, L.L.P. in 2006 and obtained her CPA certificate from the Texas State Board of Public Accountancy in 2007. She became partner in 2017 and is the first female partner of BSGM. She is active in the firm's audit practice with emphasis in electric cooperatives, Texas school districts, and not-for-profits. She is currently a Director serving on the Electric Cooperative Chapter of the National Society of Accountants for Cooperatives. Kacey is also a member of other professional organizations including Texas Society of Certified Public Accountants, National Society of Accountants for Cooperatives, and American Institute of Certified Public Accountants. Moderator: Bill Erlenbush, CPA, NSAC Director of Education Bill Erlenbush spent his entire career working in cooperative accounting at GROWMARK. His work experience includes all aspects of order control and billing, accounts receivable/payable, financial accounting, and tax. As compliance officer, he had responsibility for the administration of the compliance and ethics program at GROWMARK and its subsidiaries and retail divisions. In addition, he was been involved in negotiating major acquisitions for GROWMARK. His educational background includes a Bachelor of Science degree in Accountancy from the University of Illinois and an MBA from Illinois State University. He is a Certified Public Accountant. Bill is an active member in many industry, professional, and community organizations. He is past president of the Mclean County United Way Board of Directors as well as the past president of the Heartland Community College Foundation Board of Directors.

Moderator: Bill Erlenbush, CPA, Director of Education, NSAC

Cost
Free for NSAC Members / $56.00 for Non-Members

Delivery System

• All programs are delivered using the Zoom platform.
• Confirmations will include log-in instructions.
• Participants are able to participate using any device with an Internet connect (if the device does not have speakers, the participant can also dial-in) or they can participate with audio only by dialing in.
• All registrants will receive a link to the CLN’s recording by email within 48 business hours of event’s conclusion.
• There will be assistance available to help with technical and connectivity issues up to 10 minutes prior to the start of the presentation.

Registration

All registration is done on-line and each guest must provide their name and email address to participate. All NSAC members may register for free. Non-members may register for a nominal fee.

Refund Policy

NSAC will not issue refunds for CLNs. If a registrant is unable to participate in the CLN and provides notification to info@nsacoop.org 48 hours prior to the session, a credit will be provided for a future CLN. Alert the NSAC staff member monitoring the CLN if technical difficulties are encountered and technical support will be provided to eliminate problems with future CLNs.

Additional Information

Live participation is required for CPE credit and polling questions must be answered to document your active participation. All registrants will receive an email following the session with links to the slides and/or handouts, and a link to the CLN recording (unless otherwise stated). If you are unable to participate in the live session, you can still watch the recorded session, but you will not be eligible for CPE credits. Those eligible for credits will receive their certificate by email with 7 business days.

For more information regarding NSAC CLNs or administrative policies such as complaint and refund, contact the NSAC Headquarters, 7946 Clyo Road, Suite A, Centerville, OH 45459, 937-222-6707, or info@nsacoop.org.