Monday, April 29, 2024

AICPA Controller and Financial Professional Update

The following links and documents are presented for educational purposes in support of the AICPA's course presentation entitled CFO / Controller & Financial Professional Annual Update: Mastering The Value – Risk Challenge.

Certain documents have been uploaded to the Presentation Documents folder link on this web page.

Internal Management Accounting

1. The Convergence of Internal Accounting and External Reporting

(1a) DoorDash
(1b) Grubhub
(1c) Uber Eats

2. IFRS Foundation

(2a) The Dashboard Report (Classic)
(2b) The Dashboard Report (Modern)

3. Topic Example: Artificial Intelligence

(3a) Popular Entertainment
(3b) An Anthropomorphic Blue Frog

4. Other Examples: Slide Review (See CPE Handout)

5. "Coming Attractions"

(5a) Global Reporting Initiative
(5b) Sustainability Development Goals

.

External Assurance and Reporting

1. "Warm Ups"

(1a) Chase Bank
(1b) NYC Department of Public Charities and Correction

2. The Convergence of Internal Accounting and External Reporting
(2a) Coca-Cola
(2b) PepsiCo
(2c) Keurig Dr Pepper

3. Guidelines and Metrics

(3a) Global Reporting Initiative
(3b) Sustainability Accounting Standards Board 
(3c) Sustainability Development Goals

4. Government Requirements

(4a) United States - SEC, California
(4b) European Union - CSRD, CSDD

5. Topic Example: IFRS Foundation

(5a) S1 General Requirements
(5b) S2 Climate Related Disclosures

6. Other Examples: Slide Review (See CPE Handout)

Sunday, March 3, 2024

Trueblood Seminar for Professors at Deloitte University

The following links are presented for educational purposes in support of the Trueblood Seminar (Sessions I and II) presentation entitled Let's Play! Incorporating Experiential Learning Games In An ESG Accounting Standards Curriculum.

Topic Outline

1. Historical Background And Theoretical Frameworks

(1a) Themes: The Triple Bottom Line (Profits, Planet, People) + Governance 
(1b) Client Base: Global, National, Corporate, Community, Personal
(1c) Capstone: Financial, Managerial / AIS, Tax, Assurance, Regulation

Chase Logo + Collect Pond 

2. Organizations and Stakeholders

(2a) Accounting Standards: GRI, SASB, UN SDGs, TCFD, IPIECA
(2b) Corporate ESG Reports: Energy, Freight / Transport, Human Services
(2c) Investment Community: Rating Agencies, Investment Funds, Carbon Markets

See documents: GRI Consolidated Standards, SASB Apparel, TCFD Guidance on Metrics, IPIECA Guidance

3. The Oversight Function

(3a) USA: AICPA, SEC, COSO
(3b) EU: CSRD, CSDD, ETS, IFRS
(3c) Public Accounting: Assurance Reports, Data Systems, Supply / Value Chain Analyses
 
See documents: IFRS S1 (SASB page 16, CDSB page 17, GRI page 37), IFRS S2

See documents: Assurance Report Samples 

4. Experiential, Interactive, Game-Oriented “Real World” Applications

(4a) Save The Blue Frog!
(4b) Feed The Pig!
(4c) Build-A-Business

See document: IR Framework 

Cross Referencing To Learning Goals And Educational Standards

Course Grades

75% Traditional Learning (1abc, 2abc, 3abc)
25% Active Learning (4abc)

Academic Standards

AACSB Curriculum

... content that is current, relevant, forward-looking, globally oriented ... fosters experiential learning ... promoting positive societal impact ...

AICPA Uniform CPA Exam Blueprints 

BAR: Recall how the COSO ERM framework can be applied to identify, respond to, and report environmental, social and governance (ESG) related risks.

TSBPA

To be determined …

***

Game Introduction

***

Other Documents

*** 

Presentation Links

(1a) JP Morgan Chase Origins: https://www.jpmorganchase.com/about/our-history

(1a) Nellie Bly: https://www.womenshistory.org/education-resources/biographies/nellie-bly-0

(1a) The Triple Bottom Line: https://online.hbs.edu/blog/post/what-is-the-triple-bottom-line

(2a) Global Reporting Initiative: https://globalreporting.org/

(2a) Sustainability Accounting Standards Board: https://sasb.org/

(2a) United Nations Sustainable Development Goals: https://sdgs.un.org/

(2a) IFRS: https://www.ifrs.org/news-and-events/news/2023/06/issb-issues-ifrs-s1-ifrs-s2/

(2a) Task force on Climate-related Financial Disclosures: https://www.fsb-tcfd.org/

(2a) Intl. Petroleum Industry Environmental Conservation Association: https://www.ipieca.org/

(2b) https://corporate.exxonmobil.com/news/reporting-and-publications/sustainability-report

(2b) https://www.chevron.com/sustainability

(2b) https://ir.doordash.com/governance/ESG-Resources/default.aspx

(2b) https://sustainability.uhg.com/

(2b) https://investors.cvshealth.com/investors/default.aspx

(2c) Sustainalytics: https://www.sustainalytics.com/

(2c) S&P 500 ESG ETF: https://www.spglobal.com/spdji/en/indices/esg/sp-500-esg-index

(2c) EU Emissions Trading System (ETS): https://climate.ec.europa.eu/eu-action/eu-emissions-trading-system-eu-ets_en

(3a) AICPA: https://us.aicpa.org/interestareas/businessindustryandgovernment/resources/sustainability

(3a) SEC: https://www.sec.gov/securities-topics/climate-esg

(3a) COSO: https://www.coso.org/guidance-erm

(3b) CSRD: https://finance.ec.europa.eu/capital-markets-union-and-financial-markets/company-reporting-and-auditing/company-reporting/corporate-sustainability-reporting_en

(3b) CSDD: https://commission.europa.eu/business-economy-euro/doing-business-eu/corporate-sustainability-due-diligence_en

(3c) Assurance Reports (see Other Documents)

(4c) IFRS Foundation: https://integratedreporting.ifrs.org/what-the-tool-for-better-reporting/get-to-grips-with-the-six-capitals/

Thursday, October 26, 2023

TXCPA Accounting Education Conference

The following links are presented for educational purposes in support of the TXCPA Accounting Education Conference presentation entitled ESG / Sustainability in Accounting on October 27, 2023.

Topic Outline

1. Historical Background And Theoretical Frameworks

(1a) Themes: The Triple Bottom Line (Profits, Planet, People) + Governance
(1b) Client Base: Global, National, Corporate, Community, Personal
(1c) Capstone: Financial, Managerial / AIS, Tax, Assurance, Regulation

2. Organizations and Stakeholders

(2a) Accounting Standards: GRI, SASB, UN SDGs, TCFD, IPIECA
(2b) Corporate ESG Reports: Energy, Freight / Transport, Human Services
(2c) Investment Community: Rating Agencies, Investment Funds, Carbon Markets

3. The Oversight Function

(3a) USA: AICPA, SEC, COSO
(3b) EU: CSRD, CSDD, ETS, IFRS
(3c) Public Accounting: Assurance Reports, Data Systems, Supply / Value Chain Analyses

4. Experiential, Interactive, Game-Oriented “Real World” Applications

(4a) Save The Blue Frog!
(4b) Feed The Pig!
(4c) Build-A-Business

Cross Referencing To Learning Goals And Educational Standards

Course Grades

75% Traditional Learning (1abc, 2abc, 3abc)
25% Active Learning (4abc)

Academic Standards

AACSB Curriculum

... content that is current, relevant, forward-looking, globally oriented ... fosters experiential learning ... promoting positive societal impact ...

AICPA Uniform CPA Exam Blueprints 

BAR: Recall how the COSO ERM framework can be applied to identify, respond to, and report environmental, social and governance (ESG) related risks.

TSBPA

To be determined …

Presentation Links

(1a) JP Morgan Chase Origins: https://www.jpmorganchase.com/about/our-history

(1a) Nellie Bly: https://www.womenshistory.org/education-resources/biographies/nellie-bly-0

(1a) The Triple Bottom Line: https://online.hbs.edu/blog/post/what-is-the-triple-bottom-line

(2a) Global Reporting Initiative: https://globalreporting.org/

(2a) Sustainability Accounting Standards Board: https://sasb.org/

(2a) United Nations Sustainable Development Goals: https://sdgs.un.org/

(2a) IFRS: https://www.ifrs.org/news-and-events/news/2023/06/issb-issues-ifrs-s1-ifrs-s2/

(2a) Task force on Climate-related Financial Disclosures: https://www.fsb-tcfd.org/

(2a) Intl. Petroleum Industry Environmental Conservation Association: https://www.ipieca.org/

(2b) https://corporate.exxonmobil.com/news/reporting-and-publications/sustainability-report

(2b) https://www.chevron.com/sustainability

(2b) https://ir.doordash.com/governance/ESG-Resources/default.aspx

(2b) https://sustainability.uhg.com/

(2b) https://www.cvshealth.com/impact/esg-reports/annual-report.html

(2c) Sustainalytics: https://www.sustainalytics.com/

(2c) S&P 500 ESG ETF: https://www.spglobal.com/spdji/en/indices/esg/sp-500-esg-index

(2c) EU Emissions Trading System (ETS): https://climate.ec.europa.eu/eu-action/eu-emissions-trading-system-eu-ets_en

(3a) AICPA: https://us.aicpa.org/interestareas/businessindustryandgovernment/resources/sustainability

(3a) SEC: https://www.sec.gov/securities-topics/climate-esg

(3a) COSO: https://www.coso.org/guidance-erm

(3b) CSRD: https://finance.ec.europa.eu/capital-markets-union-and-financial-markets/company-reporting-and-auditing/company-reporting/corporate-sustainability-reporting_en

(3b) CSDD: https://commission.europa.eu/business-economy-euro/doing-business-eu/corporate-sustainability-due-diligence_en

(3c) Assurance Reports (see Other Documents)

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The following links are presented for educational purposes in support of the TXCPA Accounting Education Conference presentation entitled Save The Blue Frog! A Game Playing Approach To Experiential Learning on October 28, 2023.

Game Introduction

***

Other Documents



Friday, June 23, 2023

Personal Financial Planning: Growth Area for Expanding CPA Practices

The following links are presented for educational purposes in support of the June 24, 2023 presentation entitled The Personal Financial Planning Service: A Growth Area for Expanding CPA Practices.

An Illustrative Process

AICPA Roadmap

Essentials of Personal Financial Planning

Where to Begin?

a. Identify current core competencies.

b. Match with comprehensive service list.

c. Obtain professional guidance.

d. Develop prototype services. 

d. Seek advice of qualified professionals.

e. Launch project-based engagements.

Wednesday, May 17, 2023

CFO/Controller & Financial Professional Updates Seminar Series

The following links are presented for educational purposes in support of the AICPA / BLI Continuing Professional Education event entitled A World In Chaos!


May 18, 2023: Part 2: Creating Value and "Playing Offense" in an Era of Extreme Uncertainty 

     "The Octopus Model"

     Best Brands Methodology

     SASB

     GRI

     UN SDGs

     McCormick Spices

     Under Armour

Thursday, April 27, 2023

CFO/Controller & Financial Professional Updates Seminar Series

The following links are presented for educational purposes in support of the AICPA / BLI Continuing Professional Education event entitled A World In Chaos!



April 27, 2023: Part 1: Managing Risk and "Playing Defense" in an Era of Extreme Uncertainty 

     2004 COSO ERM Framework

     2013 COSO IC Framework

     2017 COSO ERM Update

     COSO Other Guidance

     IFRS Value Reporting

     Interbrand Global Brand Value