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Managing external risks and liabilities - accounting for natural capital

BPP Professional Education

Summary

Price
£42 inc VAT
Study method
Online
Duration
Self-paced
Qualification
No formal qualification
CPD
1 CPD hours / points
CPD What's this?

Overview

A new kind of global debt crisis is brewing - this time, due to decades of over-borrowing from our planet's 'natural capital' asset base. Natural capital, the resources and critical support services nature provides, underpins our entire global economy. However, over 60 percent of this capital is in decline from overexploitation. The World Economic Forum and McKinsey identify water crises, climate change, extreme weather events, biodiversity loss and ecosystem collapse as urgent global natural capital risk factors for business and investors. As a result, there is a growing business case to account for natural capital in management accounting and financial accounting/reporting to inform assessment of risk and opportunities. This course provides a practical introduction to this emerging topic.

CPD

1 CPD hours / points
Accredited by The CPD Certification Service

Description

Learning Outcomes:

On completion of this course, you will have a greater understanding of:

  • What Natural Capital is and why it's relevant to accounting and financial professionals
  • The business case for integrating natural capital in management accounting and financial accounting/reporting to inform assessment of risk and opportunities
  • The wider context framing natural capital such as Integrated Reporting and value creation business models
  • Sustainability accounting and valuation techniques with practical business case examples
  • Additional resources to explore the topic further in your own time.

Authored by: Dr. Dorothy Maxwell

Dr. Dorothy Maxwell has worked in sustainability with businesses, government, and NGOs in the EU, Asia Pacific, and US for over 20 years. Trained as an environmental economist and scientist, she is Founding Director of The Sustainable Business Group consultancy whose clients include Walmart, Nike, Natural Capital Coalition, and the UK Department of the Environment. She is author of Valuing Natural Capital, Future Proofing Business and Finance (DoSustainability, April, 2015). The book is a practical 'how to' guide on natural capital for business, accounting and finance. It is included at a discounted rate in the course material.

A CPD certificate of completion will be provided by BPP Professional Education Limited upon successful completion of the online course.

CPD Points: 1

CPD Duration (hours): 1

Access: 12 months from purchase date

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Legal information

This course is advertised on reed.co.uk by the Course Provider, whose terms and conditions apply. Purchases are made directly from the Course Provider, and as such, content and materials are supplied by the Course Provider directly. Reed is acting as agent and not reseller in relation to this course. Reed's only responsibility is to facilitate your payment for the course. It is your responsibility to review and agree to the Course Provider's terms and conditions and satisfy yourself as to the suitability of the course you intend to purchase. Reed will not have any responsibility for the content of the course and/or associated materials.

FAQs

Study method describes the format in which the course will be delivered. At Reed Courses, courses are delivered in a number of ways, including online courses, where the course content can be accessed online remotely, and classroom courses, where courses are delivered in person at a classroom venue.

CPD stands for Continuing Professional Development. If you work in certain professions or for certain companies, your employer may require you to complete a number of CPD hours or points, per year. You can find a range of CPD courses on Reed Courses, many of which can be completed online.

A regulated qualification is delivered by a learning institution which is regulated by a government body. In England, the government body which regulates courses is Ofqual. Ofqual regulated qualifications sit on the Regulated Qualifications Framework (RQF), which can help students understand how different qualifications in different fields compare to each other. The framework also helps students to understand what qualifications they need to progress towards a higher learning goal, such as a university degree or equivalent higher education award.

An endorsed course is a skills based course which has been checked over and approved by an independent awarding body. Endorsed courses are not regulated so do not result in a qualification - however, the student can usually purchase a certificate showing the awarding body's logo if they wish. Certain awarding bodies - such as Quality Licence Scheme and TQUK - have developed endorsement schemes as a way to help students select the best skills based courses for them.
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