<p dir="ltr">A teaching case to complement Units 7 and 12 of the Accounting Streams Principles of Accounting textbook.</p><p dir="ltr">The case aims to demonstrate links between sustainability reporting and financial accounting at an introductory level by demonstrating how climate-related risks materialise within financial statements under existing accounting standards. Using a range of activities it will help you apply your knowledge of financial accounting to an emerging area of practice and introduce you to climate-related risk.</p><p dir="ltr">For the accompanying Instructors Manual, contact the <a href="https://accounting-streams.org/contact.html" target="_blank"><u>Accounting Streams team</u></a> or the author.</p>
• Explain the difference between physical and transition climate risks • Apply basic accounting concepts to assess the impact on selected assets and liabilities • Analyse case study scenarios • Explain the concept of double materiality