CONTINUING EDUCATION FOR TAX & FINANCIAL PROFESSIONALS

Sustainability Accounting: The Expansion of Corporate Reporting

Icon_Webcast
Webcast
Icon_Level
Basic
Credits
CPE Credits
3 Credits: Accounting

Course Description

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. With more reporting has come the desire to establish sustainability accounting standards to provide for consistent and comparable information being reported. This course will look at the reasons for the growing call for sustainability reporting and the entities that have been formed to establish standards for sustainability accounting. 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, providing a complete set of globally applicable industry-specific standards which identify the minimal set of financially material sustainability topics and their associated metrics for the typical company in an industry. 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. How an investor might utilize will be discussed.

Learning Objectives

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

  • Discuss the growing interest in sustainability accounting and the opposing views of its objective
  • Understand how environmental, social, and governmental factors may affect long term financial growth
  • Explain the SASB process for developing sustainability standards, industry classifications, and establishing which are standards might have a materiality impact on an industry
  • Differentiate how the Global Reporting Initiative contrasts to the SASB approach
  • Explain the contents of a selected US corporation sustainability report
  • Identify in general how an investor might use the information from a sustainability report

Course Specifics

Course ID
WC11206901
Revision Date
May 4, 2020
Advanced Preparation

None

Compliance information

NASBA Provider Number: 103220

Course Instructor

Rod Redding Headshot
Rod Redding, PhD, CPA

Dr. Rod Redding received his PhD from Penn State University after working with Price Waterhouse and IBM. Presently, he presents seminars and webcasts and prepares self-study courses for Western CPE. He has over 30 years’ experience as a professor at universities such as the University of North Carolina, the University of Utah, Georgetown University, and Gettysburg College. He also has taught internationally at Kenyatta University in Kenya and the American University of Sharjah in the United Arab Emirates. Three different universities have given Dr. Redding awards for excellence in teaching. Dr. Redding holds a CPA certificate but has elected inactive …

Rod Redding, PhD, CPA Read More »

Sustainability Accounting: The Expansion of Corporate Reporting

Expert Instructors
CPE CREDITS
3 Credits: Accounting

$147.00

Icon_Webcast
Webcast
Icon_Level
Basic
Credits
CPE Credits
3 Credits: Accounting

Course Description

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. With more reporting has come the desire to establish sustainability accounting standards to provide for consistent and comparable information being reported. This course will look at the reasons for the growing call for sustainability reporting and the entities that have been formed to establish standards for sustainability accounting. 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, providing a complete set of globally applicable industry-specific standards which identify the minimal set of financially material sustainability topics and their associated metrics for the typical company in an industry. 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. How an investor might utilize will be discussed.

Learning Objectives

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

  • Discuss the growing interest in sustainability accounting and the opposing views of its objective
  • Understand how environmental, social, and governmental factors may affect long term financial growth
  • Explain the SASB process for developing sustainability standards, industry classifications, and establishing which are standards might have a materiality impact on an industry
  • Differentiate how the Global Reporting Initiative contrasts to the SASB approach
  • Explain the contents of a selected US corporation sustainability report
  • Identify in general how an investor might use the information from a sustainability report

Course Specifics

Course ID
WC11206901
Revision Date
May 4, 2020
Advanced Preparation

None

Compliance information

NASBA Provider Number: 103220

Course Instructor

Rod Redding Headshot
Rod Redding, PhD, CPA

Dr. Rod Redding received his PhD from Penn State University after working with Price Waterhouse and IBM. Presently, he presents seminars and webcasts and prepares self-study courses for Western CPE. He has over 30 years’ experience as a professor at universities such as the University of North Carolina, the University of Utah, Georgetown University, and Gettysburg College. He also has taught internationally at Kenyatta University in Kenya and the American University of Sharjah in the United Arab Emirates. Three different universities have given Dr. Redding awards for excellence in teaching. Dr. Redding holds a CPA certificate but has elected inactive …

Rod Redding, PhD, CPA Read More »

Sustainability Accounting: The Expansion of Corporate Reporting

Expert Instructors
CPE CREDITS
3 Credits: Accounting

$147.00