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Financial Economic Sustainability Performance

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Before starting this self study program, please go through the instructional document.

Overview

  • Definition of Business Sustainability and its Framework
    2 mins
  • The Role of Financial Reporting
    13 mins
  • Concepts of Value
    23 mins
  • Key Performance Indicators ESP
    36 mins
  • Other Internal Control Framework
    49 mins

Course Description

Business sustainability performance dimensions are typically classified as the financial/quantitative economic sustainability performance (ESP) and non-financial/qualitative environmental, ethical, social, and governance (EESG) sustainability performance. The contribution of ESP and EESG dimensions of sustainability performance to overall corporate performance in creating shared value for all shareholder depends on whether these sustainability performance dimensions are viewed and treated as complementing/completing each other or conflicting/competing. 

In this webinar, the speaker presents these contradictory views on business sustainability and offers suggestions for sustainability performance congruence in all five dimensions. Theoretically, management engagement in EESG activities, performance can be viewed as value-increasing or value-decreasing for investors. On one hand, companies that effectively manage their business sustainability, improve EESG performance, enhance their reputation, fulfill their social and environmental responsibility, and promote a corporate culture of integrity and competency. On the other hand, companies can only survive and generate sustainable performance when they continue to be profitable and are able to create shareholder value. Nonetheless, ESP and EESG dimensions of sustainability performance supplement each other and are not mutually exclusive. Companies that are governed effectively, are socially and environmentally responsible, and conduct themselves ethically are expected to produce sustainable performance, create shareholder value, and gain investor confidence and public trust.

In this context, sustainability focuses on business activities that generate long-term ESP of firm value maximization as well as voluntary activities that result in the achievement of EESG sustainability performance that concerns all stakeholders. Please join Dr. Zabihollah (Zabi) Rezaee, noted teacher, researcher, industry consultant, auditor, and author, as he offers guidance on understanding the requirements for and best practices of financial-economic business sustainability performance.


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Learning Objectives

  • To get an overview of Financial/quantitative economic sustainability performance (ESP).
  • To get an overview of Non-financial/qualitative environmental, ethical, social and governance (EESG) sustainability performance.
  • To identify the tensions between ESP and EESG dimensions of sustainability performance.
  • To identify the differences of Economic value versus market value. To identify the differences of Short-term economic performance versus long-term economic performance.
  • To identify the Drivers and incentives to focus on short-term financial performance and its consequences.
  • To get an overview of Sustainable shareholder value creation.
  • To identify the reporting of financial economic sustainability performance.
  • To identify the Key performance indicators of economic sustainability performance

Who Should Attend?

  • Accountant
  • Accounting Firm
  • Accounting Managers
  • Bookkeepers & Accountants & Tax Preparers
  • Certified Financial Planner
  • CPA (Industry)
  • CPA - Mid Size Firm
  • CPA - Small Firm
  • Finance Director
  • Finance Pros
  • Senior Accountant
  • Staff of Accounting Firm
  • VP Finance
  • Young CPA

Testimonial

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