Work Order and Plant Accounting Procedures

​​​​​​​​​​​The purpose of the Work Order and Plant Accounting Procedures course is to provide a basic understanding of the procedures, methods, and records that are necessary to properly track and account for all components of electric plant, from the time a need for the plant is demonstrated, through the time the plant has been removed from the system and the accounting records.

You will gain an understanding of the procedures, requirements and forms necessary to obtain Rural Developm​ent loan funds to finance the costs of certain electric plant additions and retirements.

State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Please first check with your State Board of Accountancy directly to ensure you will receive CPE credits.


Course Highlights

After completing the entire program, you will be able to:

  • Recognize how the Rural Development Electric Program is structured.
  • List the various financing options available from Rural Development.
  • Describe the function and purpose of a work order system
  • Recognize the classification of work orders.
  • List cost elements and explain the procedures used for accounting for materials, labor, and overhead costs.
  • Describe the terms and procedures for recording physical elements, such as construction units and retirement units.
  • State the unitization and distribution of plant costs.
  • Explain the accounting procedures for contract construction costs.
  • Explain the unique procedures for accounting for special equipment.
  • Recognize the importance and procedures for establishing and maintaining continuing property records (CPRs).
  • Describe the procedures and requirements for the approval and advance of loan funds.
  • Distinguish between the various types of financing plant activities.

Contact Us

Registration Questions
Accounts Receivable department
AccountsReceivable@nreca.coop
703-907-6875

Program Questions & Log in Information
Diane Rhodes-Michaely
703-907-5643
diane.rhodes-michaely@nreca.coop

CPE-Related Questions
Angie Hylton
703-907-5656
angie.hylton@nreca.coop