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Secure Transaction CPE Credits
2 Credits: Accounting
Course Level
Overview
Format
Self-Study
Course Description
This course provides an overview of the accounting requirements for environmental credits and environmental credit obligations under ASC 818. It explains how to determine whether an environmental credit qualifies for recognition as an asset, how environmental credit obligations are recognized and measured, and the accounting for both funded and unfunded obligations. The course also covers initial and subsequent measurement, impairment, derecognition, presentation, disclosure requirements, and practical examples that illustrate how the guidance is applied in real world situations.
Learning Objectives
Upon successful completion of this course, participants will be able to:
- Identify the criteria for an environmental credit under ASC 818
- Determine when environmental credits qualify for asset recognition
- Distinguish between compliance and noncompliance environmental credits
- Recognize the measurement, impairment, derecognition, and disclosure requirements for environmental credits
- Identify when an environmental credit obligation liability should be recognized under ASC 818-30
- Distinguish between the funded and unfunded portions of an environmental credit obligation liability
- Determine the appropriate measurement of an environmental credit obligation liability
- Recognize the derecognition and disclosure requirements for environmental credit obligation liabilities
Course Specifics
SS126485727
August 3, 2026
There are no prerequisites.
None
50
Compliance Information
CMA Notice: Western CPE makes every attempt to maintain our CMA CPE library, to ensure a course meets your continuing education requirements please visit Insitute of Management Accountants (IMA)
CFP Notice: Not all courses that qualify for CFP® credit are registered by Western CPE. If a course does not have a CFP registration number in the compliance section, the continuing education will need to be individually reported with the CFP Board. For more information on the reporting process, required documentation, processing fee, etc., contact the CFP Board. CFP Professionals must take each course in it’s entirety, the CFP Board DOES NOT accept partial credits for courses.
Meet The Experts
Kelen is a recognized author and reviewer of CPE courses and has authored over 230 courses (570+ CPE credit hours) covering a range of accounting, auditing, financial reporting, regulatory, and ethics topics. Kelen remained involved in CPA exam content development for nearly 10 years and authored more than a thousand multiple-choice questions for various sections of the CPA exam. He also serves as an Editorial Advisor for the AICPA’s “Journal of Accountancy”. Kelen has over 20 years of progressive finance and accounting experience. He currently serves as a Principal in Accounting Policy with HP. Prior to HP, he served in …
QAS Self-Study
