Climate Change Accounting & Sustainability Reporting
Climate-change and sustainability are topics that are increasingly on the minds of investors and other stakeholders. Companies are increasingly subject to nonfinancial reporting requirements relating to environmental, social and governance factors. For example, sustainability reporting requirements are increasingly impacting the investment and lending activities of global financial institutions. Investors now expect businesses to frame decisions in terms of environmental, social, and human impact for the long-term, rather than on short-term gains such as next quarter's earnings report. This course reviews the prevailing sustainability reporting and the nonfinancial reporting frameworks.

This course also reviews the accounting for climate-change risks under U.S. Generally Accepted Accounting Principles (U.S. GAAP) and International Financial Reporting Standards (IFRS). While these Standards do not cover climate-change risks and other emerging risks explicitly, they do address issues that relate to them. This course reviews the application of those Standards and the related guidance on materiality to climate and other emerging risks.


Course Publication Date: May 15, 2021

This course is available with NO ADDITIONAL FEE if you have an active self study membership or all access membership or can be purchased for $35.00!

Author:Michael Walker
Course No:ACT-CLIMATE-7101
Recommended CPE:3.50
Delivery Method:QAS Self Study
Level of Knowledge:Overview
Prerequisites:None
Advanced Preparation:None
Recommended Field of Study:Accounting
  
Learning Objectives
  • Define ‘climate change’ and ‘global warming’; identify the factors that are believed to cause these trends.
  • Recognize the potential economic impacts of climate change.
  • Identify the financial risks associated with climate change.
  • Recognize how companies supplement their traditional financial statements with nonfinancial disclosures that highlight ESG (environment, social, and governance) issues.
  • Identify the potential benefits of strong sustainability reporting practices and the potential pitfalls of “greenwashing”.
  • Recognize disclosure practices that are consistent with leading sustainability reporting frameworks.
  • Recognize best practices for disclosing material information about climate-related and other emerging risks in the financial statements.
  • Identify areas of accounting that are impacted by climate-related and other emerging risks.

CPE Depot Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.

Sponsor Number: 109423

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