There is a growing number of corporations and stakeholders of those corporations that believe that, to optimize long run growth, nonfinancial information needs to be reported by corporations. Sustainability accounting is attempting to meet that need by reporting on environmental, social, and governmental factors affecting the corporation’s ability to sustain financial growth over time.  In the United States, the Sustainability Accounting Standards Board (SASB) was started while the world has seen the development of the Global Reporting Initiative (GRI). In November 2018, the SASB published 77 standards.  The process for establishing the standards, the actual standards, the 11 industries, and the concept of materiality and the Materiality Map used by the SASB will be discussed. The GRI standards will be contrasted to the SASB. A US corporation sustainability report will be reviewed.

2021 is the effective date for nonpublic companies to implement the new leasing standard. A brief overview of the leasing standard; but the primary emphasis is on the implementation of the standard. The two acceptable transition methods along with the three practical expedients for transitions will presented along with recommendations on which to adopt.  Example problems on each of the transition methods will be worked.   New disclosure requirements will be demonstrated by reviewing the disclosures of public companies that have already implemented the guidance.