CONTINUING EDUCATION FOR TAX & FINANCIAL PROFESSIONALS

Climate Change Accounting & Sustainability Reporting

Icon_Self-Study
Self-Study
Icon_Level
Overview
Credits
CPE Credits
3 Credits: Accounting

Course Description

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.

Learning Objectives

Upon successful completion of this course, participants will be able to:

Chapter 1

  • 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.

Chapter 2

  • 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.

Chapter 3

  • 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.

Course Specifics

Course ID
1213542
Revision Date
March 31, 2021
Number of Pages
91
Advanced Preparation

None

Compliance information

NASBA Provider Number: 103220

Course Instructor

Michael J. Walker Headshot
Michael J. Walker, CPA

Michael J. Walker, CPA, is based in New England and has decades of accounting experience in the financial services, information technology services, and construction industries. He has an extensive technical accounting background that includes hands-on experience with U.S. GAAP and International Financial Reporting Standards (IFRS). His expertise includes accounting for financial instruments, securitizations, and other banking products. He graduated from Bentley University with a BS in finance and an MS in accountancy.

Climate Change Accounting & Sustainability Reporting

Expert Instructors
Format
CPE CREDITS
3 Credits: Accounting

$87.00$107.00

Clear
Icon_Self-Study
Self-Study
Icon_Level
Overview
Credits
CPE Credits
3 Credits: Accounting

Course Description

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.

Learning Objectives

Upon successful completion of this course, participants will be able to:

Chapter 1

  • 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.

Chapter 2

  • 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.

Chapter 3

  • 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.

Course Specifics

Course ID
1213542
Revision Date
March 31, 2021
Number of Pages
91
Advanced Preparation

None

Compliance information

NASBA Provider Number: 103220

Course Instructor

Michael J. Walker Headshot
Michael J. Walker, CPA

Michael J. Walker, CPA, is based in New England and has decades of accounting experience in the financial services, information technology services, and construction industries. He has an extensive technical accounting background that includes hands-on experience with U.S. GAAP and International Financial Reporting Standards (IFRS). His expertise includes accounting for financial instruments, securitizations, and other banking products. He graduated from Bentley University with a BS in finance and an MS in accountancy.

Climate Change Accounting & Sustainability Reporting

Expert Instructors
Format
CPE CREDITS
3 Credits: Accounting

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.

$87.00$107.00

Clear