Utility Accounting is a systematic way of recording, analysing, and reporting financial information in the energy sector. Therefore, accounting in public utility needs professional skills and knowledge to prepare income statements, balance sheets, supporting charts of accounts, and proper coding for all the organisation's account activities.
This Utility Accounting training course involves the guideline of accounting and financing, accounting policies and procedures, and utility accounting subsystems. This training course will provide you with the appropriate skills and knowledge to effectively implement your role and explain how to prepare your financial statements in compliance with regulatory requirements. Also, participants will have an understanding on public utility accounting, financing, and pricing to protect ratepayers.
This training course provides the management and staff of energy organization with an understanding of the best practices of utility accounting that are needed to ensure their organisations' sustainability.
By the end of this Utility Accounting training course, the participants will be able to:
- Understand the core concepts of utility accounting
- Be familiar with the policies, procedures, and processes in your energy organization
- Develop the balance sheet according to international standards.
- Analyse the elements of utility revenue and expenses
- Compare your financial data with benchmark and common rates
Participants to this course will receive an intensive and enjoyable learning experience and thorough training on the subjects covered by the outline. The tutor utilises a variety of proven adult learning teaching and facilitation techniques. Training methodology includes real case studies, group discussions, question and answer sessions, videos and a lot of exercised related to the nature of their businesses.
This Utility Accounting training course will provide your employees with valuable comparative information in utility accounting, often used for benchmarking and other similar performance measurement and analysis, that have incredibly positive impact on your organization. The organization will gain from employees with:
- An in-depth knowledge of utility accounting issues
- More effective use of financial statements to make the decisions
- Greater reliability of compliance with the regulatory requirements
- The knowledge and skills to prepare accounts in accordance with best practices
- Skills to evaluate financial information and improve performance
- An ability to work independently and as valuable team members
- Better understanding of the context of the utility accounting
- Greater awareness of energy accounting in your industry
- Improved your knowledge and skills of energy industry practices
- Increased understanding and assurance to complete tasks successfully
- Increased self-confidence at your work
- Greater job satisfaction in yourself and ability to support mangers and colleagues
This training course is designed for all employees and managers working in accounting department, financial analysis, auditing and consulting in the energy sector, energy trading firms and manufacturing industries and oil-field services.
This Utility Accounting training course is suitable to a wide range of professionals but will greatly benefit:
- Accountants in energy sector
- Utility analysts and employees
- Executives of energy organizations
- Financial mangers
- Auditors
- Government regulators
- Corporate planners
- Utility consultants
DAY ONE: INTRODUCTION TO UTILITY ACCOUNTING
- Definition of Utility Accounting
- Uses and Users of Utility Accounting Information
- Uniform system of accounts
- Work Order Accounting and Unitization
- Key Rate Design and Funding Concepts
- Understanding costs
DAY TWO: UTILITIES EXPENSE
- Definition of utilities expense
- Utilities Expenses Classifications
- Accounting for Utilities Expenses, cash basis
- Operating Expense Instructions
- Capitalization Policies
- Sample Utility
DAY THREE: BALANCE SHEET ACCOUNTS
- Assets & different Debits
- Utility Property and Investments.
- Current, Accrued Assets and Deferred Debits
- Liabilities and Owners' Equity
- Proprietary Capital and Long-term Debt.
- Current, Noncurrent and Accrued Liabilities.
DAY FOUR: THE ACCOUNTS OF INCOME STATEMENT
- The utility Operating Income
- Operating Revenues
- Other Income and Deductions
- Operation and Maintenance Expenses
- Interest Charges
- Extraordinary Items
DAY FIVE: ACCOUNTING APPLICATIONS
- The payroll of Human Resources
- Supplies and Materials Inventory
- Operated Equipment & Transportation
- Components of Construction Cost
- Overheads Capitalized
- Property Retirements
We offer two main training formats to cater to different preferences and needs:
- Classroom Training Delivery – Our traditional classroom-based training courses provide a face-to-face learning experience with subject matter experts. You’ll benefit form in-person interactions, hands-on exercises, and a structured classroom environment.
- Online Training Delivery – We also offer convenient live/online training courses that you can access from anywhere with a stable internet connection. These courses provided flexibility and allow you to learn anywhere, making them suitable for busy schedules or remote learning.
The Energy Training Centre Certificate of Completion with corresponding learning hours who has successfully completed the training course.
Yes, we provide assistance by issuing a Letter of Invitation stating that you are confirmed to attend our training.
We value transparency and are happy to provide our instructor’s profiles upon request. If you would like to learn more about our instructor’s’ qualifications, expertise, and experiences, please email us at info@energytraining.ae.
Yes, we do. We provide tailored training courses designed to meet the specific requirement of larger group of individuals. These customized training courses can be conducted both classroom and online formats, allowing you the flexibility to choose you preferred dates and duration.
Please contact us at inhouse@energytraining.ae to discuss your group’s training needs, and we’ll work with you to create a personalized training course that aligns with your objectives.
We have multiple international training venues. You may find this through our website link: https://energytraining.ae/training-locations
Our training courses are held at our partnered hotels within the city included within our training
Yes, here are the following options we can offer to assist you:
- Corporate Discount – We can extend our corporate discount to participants staying at the same hotel, if we have any. Please enquire about the availability of this discount when you register for the training course.
- Nearby Hotel Suggestions – If you prefer other accommodations, we can provide a list of nearby hotels to suit your needs and budget.
Feel free to go through hotel booking platforms on the internet to find the most cost-effective for you.
No, we do not provide job placement services after the training course. However, we are confident that our training course equips you with the necessary tools and knowledge to enhance you career prospects and promote career growth. Our training course are designed to empower you with valuable skills and expertise to excel in your chosen field.
- Tuition fee for a 5-day training course
- Provision of a world-class subject matter expert to deliver this training
- Meeting at a hotel venue corresponding to your chosen session
- Welcome food and drinks, AM / PM snack, and Lunch
- Digital course materials (e-Tablet)
- Course completion certificates
- Designing and administration of Pre-& Post Course Assessments
- Preparation of participant’s Performance and Appraisal Report, if required
- Issuance of Letter of Invitation for delegates needed visa processing, if required
- Tuition fee for a 5-day online training course
- Provision of a world-class subject matter expert to deliver this training through live/virtual delivery
- An electronic copy of the training manual and relevant hand-outs
- Issuance of The Energy Training Centre e-Certificate of Completion
- Administration of Pre-& Post Workshop Assessments
- Link access of online platform acceptable to both parties
Certainly, we do provide corporate rates tailored for organizations seeking to enrol multiple employees in our training programs. To facilitate this, we encourage you to make a formal request via email addressed to info@energytraining.ae. We’ll be delighted to discuss and offer a suitable arrangement for your corporate needs.
Yes, special discounts are available upon request if you have more than one registrant for a course. For further information please email us at info@energytraining.ae
We offer two convenient payment options:
- Bank Transfer – You can make payment via bank transfer. Once your registration is confirmed, you will receive an invoice with the banking details for the transfer. We would require you to supply a swift copy for us to confirm receipt of funds.
- Payment Link – Alternatively, we provide a secure payment link that you can use to complete your payment after your registration has been confirmed.
Upon receipt of your registration details sent via email at reg@energytraining.ae, we will send you the following by e-mail within 24-48 hours of registration.
- Joining Instructions
- Invoice/receipt (where appropriate)
If you register online, you will receive an e-mail on the same day confirming your registration.
There are two convenient options to register for a training course:
- Online Registration Form – Register for your desired training course by completing the online registration form available on our website. Simple click on the registration button or select your preferred dates and provide the requested information.
- Email Registration – You can email us your intention to register at info@energytraining.ae. Our team will guide you through the registration process and provide assistance you may need.
Yes, we do allow registration transfers in the event that you are unable to attend the training course. To initiate a transfer, please send us an official email requesting the change. We’ll guide you through the transfer process and ensure a smooth transition of your registration to another eligible participant.
Our training course sessions are scheduled and posted on our website for your convenience. However, we understand that there may be specific requirement for your group. If you have a preferred venue and specific training dates in mind, please feel free to propose them to us by clicking on the button “Propose you preferred location & date” of your preferred training course.
Our course timings slightly vary between the cities we offer our training courses. Please let us know of your preferred course and session (dates/venue) through email at info@energytraining.ae. Alternatively, you may call/WhatsApp us at +971 50 746 0956.
We understand that time zones may be different between our Senior Consultants and our delegates. Our standard online course timings (11:00 AM to 4:00 PM, GMT+4 – Dubai, UAE) may be adjusted upon confirming the programme. Our team shall communicate between the confirmed registered delegates and suggested a suitable course timing for all.
Our standard course duration for our classroom programmes is 6 hours per day while our online session is 5 hours per day.
Our training programmes are designed to be concise yet comprehensive, focusing on professional development. The duration varies based on the specific course content and objectives – we normally offer programmes between 5 – 10 days. However, our emphasis lies in delivering interactive and engaging sessions that prioritize depth of learning within a condensed timeframe. This approach ensures participants acquire substantial knowledge and skills efficiently.
We have been assessed by TUV Rheinland Middle East FZE and comply with Quality Management System standards – ISO 9001:2015 and ISO 29993:2017, ensuring a commitment to quality and excellence in our operations and services.
Our training courses span across diverse industries, encompassing sectors such as but not limited to:
- Power & Utilities
- Oil & Gas
- Financial Institutions
- Government and Regulatory bodies
- Manufacturing & Production Industry
Our commitment lies in continuously refining and expanding our training course offerings to align with evolving industry landscapes. We encourage individuals to explore our website or engage with our dedicated support team for the latest information on available courses, ensuring access to the most pertinent and current educational resources.
Yes, Energy Training Centre is an ILM Recognised Provider (ID# 002398B), authorized to register learners and offer training courses recognized by ILM. Participants seeking ILM Recognised Certification would need to complete an assessment post the ILM Recognised courses. ILM is a renowned provider of leadership and management qualifications, part of the City and Guilds Group. Additionally, our company is a CPD Certified Training Company, ensuring our commitment to continuous professional development standards.
