Accounting 101 for Electric Cooperatives - Part 2: The Income Statement

Description

This session focuses on the income statement and the reporting of electric cooperative operating results under the Uniform System of Accounts (USOA). Participants will explore operating revenues, operating expenses, and non-operating income and expense items, while gaining insight into how financial performance is measured and reported. The course will provide practical examples to help attendees better understand cooperative revenue recognition, cost classification, and overall financial results.