H. WAYNE HUIZENGA COLLEGE OF BUSINESS AND ENTREPRENEURSHIP

Sustainability in the Accounting Undergraduate Program Karen McKenzie, Ph.D., CPA

WHAT is Sustainability?? If your first thought about sustainability takes you to the environment, that’s only part of the story. Sustainability is about business longevity – it’s about those behaviours, processes and technologies that will keep you in business for longer, your reputation intact, and your customers happy. Engaging with society and government to understand expectations and demands, and to put a value on your own impacts (positive and negative) and the future implications of your strategy, are all key. --PwC

Sustainability Services Accounting Firms Grant Thornton EY PWC Deloitte Sustainability Services

Motivation for Innovating Curriculum Sustainability Scholars in Residence (2014-2016) AACSB Sustainability Conference, June 2014 UN PRME Global Forum, June 2015, NYC Add link to Nature’s Capital Greenleaf publishing

Sustainability Scholar-in-Residence Impact on Accounting Program Introduction to UN PRME and Aim to Flourish Review coverage of dimensions of sustainability across accounting program

AACSB Sustainability Conference Atlanta June 2014 In Collaboration with UN PRME Nature Conservancy’s President, Mark Tercek . . .putting a valuation on the useful things that nature does, such as the provision of clean water by a spring or flood protection provided by a forest. Once the value of such “ecosystem services” is established, it can be included in business plans. Thus, New York City’s planners established that, to address their polluted water supply, they could either spend $8 billion to build a giant water treatment plant or $1.5 billion on planting trees and otherwise improving the Catskills watershed.

Resources UN PRME and Global Compact 2015 Signatory commitment Lack of participation among Accounting & Finance Faculty! Resources

Special Topics: Sustainability Accounting The Accounting elective, ACT 3910: Special Topics. Prerequisite is ACT 3050: Intermediate 1. The course is being offered to provide students with: the latest information in sustainability accounting/reporting, ways to differentiate themselves in job interviews, and insights on a potential new career path!

Our Accounting Courses Principles of Financial Accounting Principles of Managerial Accounting Intermediate Accounting (3) Advanced Accounting Cost Accounting Tax (2) Accounting Information Systems GenEd, Business Core, Business Electives, Accounting requirements=120 hrs.

Accounting Profession Material A4S and ABN (CFO Guides) AICPA resources IMA Memorandum of Understanding FASB/SEC SEC’s Disclosure Project and Summary Panel on sustainability reporting SASB

Sustainability Accounting Standards Board Project Potential!! Dimensions of Sustainability SICS differ from SEC categories Definition of Material & Materiality Map Navigator and METRICS! FSA Credential Human, Social, Environmental Capital Business Model/Innovation Leadership/Governance Sustainability Accounting Standards Board

Greenleaf Publishing Resource QUESTIONS?