Course Description

Synopsis:

Currently, no specific SFRS, IFRS, or US GAAP standards or interpretations directly address carbon credits. This course will bring you through accounting for carbon credits, and how to navigate modern accounting standards in a sustainable world. It will explain compliance and voluntary carbon credits, the current practice of accounting for them, key accounting issues, and common questions.

This course will cover the following: - 

• Types of Carbon Credits
  • Compliance Carbon Credits
  • Voluntary Carbon Credits
• Accounting Treatment
  • Compliance Carbon Credits
    • IFRIC 3 (withdrawn) treatment
    • Net Liability approach
    • Government Grant approach
  • Voluntary Carbon Credits
    • Treatment as inventory
    • Treatment as an intangible asset
  • Issues for Contracts that will or may result in the acquisition of Carbon Credits
• Accounting Treatment under USGAAP

Intended For:

• Audit Professionals / PAIP
• Finance Professionals  / PAIB 
• Public Sector Finance
• C-suite & Directors

Competency Mapping: 

• CPE Category 1 = 1.0 CPE Hour