Climate Change Accounting & Sustainability Reporting FLEXCAST

Overview

As the world increasingly focuses on climate change and sustainability, companies face growing demands for nonfinancial reporting, especially concerning environmental, social, and governance (ESG) factors. This course addresses the vital need for finance professionals to understand these emerging requirements. It reviews the latest sustainability reporting frameworks and how they influence the investment and lending decisions of global financial institutions. We will explore how investors are shifting their focus from short-term gains to long-term impacts on the environment and society. The course also delves into the accounting for climate-change risks under U.S. GAAP and IFRS. While these standards don’t explicitly cover climate-change risks, they encompass relevant issues. You’ll learn how to apply these standards and understand materiality in the context of climate and other emerging risks. This course provides the tools to define climate change, assess its economic impacts, and identify the financial risks associated with it. By understanding the nuances of nonfinancial disclosures and sustainability reporting, you can guide your company through the complexities of ESG issues and ensure compliance with evolving global standards.

Highlights

Climate change and the economy. Sustainability disclosures. Climate change accounting.

Prerequisites

None.

Designed For

CPAs, auditors, consultants, and financial and managerial professionals.

Objectives

Define climate change and global warming and 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.

Preparation

None.

Notice

This is a FlexCast (no exam required) and may be viewed only Monday - Saturday, 5am - 5pm PT. You may take up to one year from the date of purchase to complete the course. Pause your FlexCast and resume at a convenient day during the hours above. Partial credit for 2+ credit courses: If you are unable to complete the course in one sitting, partial credit can be awarded (minimum of one credit). To earn the remaining credits, you must return later and start the course from the beginning. Use chat to ask questions of a subject matter expert during the program.