Topics and Learning Objectives
Work Order & Plant Accounting: Topics and Learning Objectives

​​​ The course is organized into seven sections. Click on a section below to see the topics and learning objectives covered within that section.


Section 1: Introduction

  • Electric delivery system components
  • Definition of electric plant
  • Typical co-op investment in plant
  • Documenting costs for changes to plant

After completing this course section, participants will be able to:

  • Define "electric plant."
  • Recognize a typical co-op investment in plant.
  • Describe the general purpose and function of a work order system.

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Section 2: Rural Development Utilities Programs: Organizational Charts and Available Financing Options

  • Rural Development Utility Programs' organization
  • What financing options are available from Rural Development
  • Loan contract provisions on CFR 1718 (Loan security documents for electric borrowers)
  • Recent changes in regulations related to the Rural Development loan programs
  • Sources for updates and more information regarding the Rural Development loan programs

After completing this course section, participants will be able to:

  • Explain how Rural Development Utility Programs' is organized and what services it offers electric cooperatives.
  • List the financing options available from Rural Development.
  • Recognize terms related to loan dates.
  • Recognize recent changes in regulations related to the Rural Development loan programs.
  • List the sources available for updates and more information regarding the Rural Development loan programs.

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Section 3: Work Order Procedures

  • Reference materials related to work order procedures
  • Importance of a work order system
  • Description of groups at an electric cooperative who are involved in construction and impacted by the work order procedures

After completing this course section, participants will be able to:

  • Recognize the key reference materials related to work order procedures
  • List at least four reasons for using a work order system .
  • Determine which groups at an electric cooperative are involved in construction and are impacted by the work order procedures.

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Section 4: Engineering, Planning, and Project Coding

  • Overview of engineering planning process
  • Description of the tools, studies, plan, reports used for deciding to construct and/or retire plant
  • Description of construction work plan (including plant types, construction categories, financing categories)
  • Form 740c (Cost Estimates and Loan Budget for Electric Borrowers)
  • Numbering system used in Form 740c and details on codes 100 -1600

After completing this course section, participants will be able to:

  • Summarize the engineering planning process.
  • Indentify the various the tools, studies, plan, reports used for deciding to construct and/or retire plant
  • Description of construction work plan (including plant types, construction categories, financing categories)
  • Describe the appropriate use of the Form 740c (Cost Estimates and Loan Budget for Electric Borrowers) and identify the numbering system used on this form.

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Section 5: Construction

  • Types of construction
  • Construction work order types
  • Retirement work order types
  • Work order system flow charts
  • Work order logs
  • Staking sheets
  • Work order estimates
  • Construction units/assembly units
  • Record units/retirement units
  • Plant units
  • Example construction assemblies
  • Materials items
  • Labor
  • Overhead

After completing this course section, participants will be able to:

  • List the three types of construction projects.
  • Distinguish between a work order and maintenance work.
  • Describe the types of work orders.
  • Explain the purpose of a work order log.
  • Define construction units/assembly units.
  • Define record units/retirement units.
  • List the various work order cost elements.
  • Distinguish between "Interest During Construction" and "Allowance For Funds Used During Construction."

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Section 6: Accounting

  • Authorization of financing
  • Work order log
  • General ledger plant accounts
  • Construction work in progress accounts
  • Retirement work in progress accounts
  • Materials accounting
  • Labor accounting
  • Overhead accounting
  • Contract accounting
  • Closing work orders
  • Assembly units versus record units
  • Conversion of assembly units installed to record units
  • Unitization and classification
  • Standard record unit costs
  • Unitization and distribution to plant accounts
  • Pricing plant retirements
  • Continuing property records (CPRs) – function and types
  • Form 219: Inventory of Work Orders
  • Special equipment: cradle to grave accounting
  • Regulations related to special equipment accounting

After completing this course section, participants will be able to:

  • Describe the process of moving work orders onto work order logs
  • Distinguish among several major Work in Progress Accounts
  • Explain the Material accounting procedures, the Labor accounting procedures, and the Overhead accounting procedures.
  • List the steps for closing Work Orders.
  • Determine what items qualify as special equipment and explain the accounting procedures associated with them.

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Section 7: Financing

  • Options for financing plant activity (including the pros and cons for each option)
  • Financing classifications
  • Required coding and classifications of work orders
  • Contracting award limits
  • Contract Forms: Form 790 (Electric System Construction Contract - Non-Site Specific Construction), Form 830 (Electric System Construction Contract - Project Construction), and Form 254 (Construction Inventory)

After completing this course section, participants will be able to:

  • List the various options available for financing plant activity
  • Describe the Rural Development requirements for the coding and classification of work orders.
  • Explain how to report work orders to Rural Development for financing.
  • Recognize contracting award limits.
  • Describe the appropriate uses of these Contract Forms: Form 790 (Electric System Construction Contract - Non-Site Specific Construction), Form 830 (Electric System Construction Contract - Project Construction), and Form 254 (Construction Inventory).

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