Exam (elaborations)

SASB FSA Level 1 (2024 / 2025) Actual Questions and Verified Answers, 100% Guarantee Pass

3 views 0 purchase

Course
FSA

Institution
FSA

SASB FSA Level 1 (2024 / 2025) Actual Questions and Verified Answers, 100% Guarantee Pass Brundtland Report: Published in 1987 in the influential report "Our Common Future" and created by World Commision on Environment and Development of the UN. Discusses sustainable development and the triple bo...

[Show more]

Preview 4 out of 35 pages

View example

Uploaded on November 18, 2024
Number of pages 35
Written in 2024/2025
Type Exam (elaborations)
Contains Questions & answers

Institution FSA
Course FSA

NurseFerian Member since 2 year 693 documents sold

$12.99

Added

Add to cart Add to wishlist

100% satisfaction guarantee
Immediately available after payment
Both online and in PDF
No strings attached

SASB FSA Level 1.pdf file:///C:/Users/HP/Desktop/New%20folder%20(2)/SASB%20FSA%

SASB FSA Level 1

1. Brundtland Report: Published in 1987 in the influential report "Our Common

Future" and created by World Commision on Environment and Development of the

UN. Discusses sustainable development and the triple bottom line for the first time.

2. European Commission's Action Plan for Financial Sustainable Growth: 3

core strategies:

-reorienting capital flows towards a more sustainable economy

-mainstreaming sustainability into risk management

-fostering transparency and long-termism

3. Stock Market Crash of 1929: historical example about how a lack of transparen- cy

and public reporting can have disastrous consequences

4. US SEC/Securities and Exchange Commission: Protects investors, maintains fair,

orderly, and efficient markets, and facilitates capital formation

1 of 35 11/18/2024, 3:36

,SASB FSA Level 1.pdf file:///C:/Users/HP/Desktop/New%20folder%20(2)/SASB%20FSA%

5. materiality (as defined by the US Supreme Court): information is material if

its exclusion would have altered the "total mix" of information considered by a

reasonable investor

6. GAAP: Generally Accepted Accounting Principles

7. historical cost accounting: measured the value of an asset as the actual cost paid

at the time of purchase

-original nominal value of asset reported on balance sheet, even if the asset's value has

changed over time

8. Accounting Principles Board (APB): replaced CAP to resolve tensions, reduce

variation in accounting practices, and establish one standardized practice

9. A statement of basic accounting theory: 1960s report that shifted focus of

financial reporting from strict historical asset valuation and toward decision useful-

ness of reported information to the users of the disclosed information

-"provide information which will be of assistance in making economic decisions"

10. FASB (Financial Accounting Standards Board): Founded to replace APB;

2 of 35 11/18/2024, 3:36

,SASB FSA Level 1.pdf file:///C:/Users/HP/Desktop/New%20folder%20(2)/SASB%20FSA%

identified goal of disclosure and accounting; affirmed decision-usefulness and em-

phasis on discounted future cash flows as way of valuing assets (as opposed to

historical cost accounting)

-also stated that economic and social goals of a business are equally important

11. EBITDA: Earnings before interest, taxes, depreciation, and amortization

12. 83%: how much tangible assets composed of market value of S&P 500 in 1975

13. 10%: how much tangible assets composed of market value of S&P 500 in 2020

14. IFRS Management Commentary: -Provide management's view of the entity's

performance, position, and progress

-supplement and complement information presented in financial statements

15. IASB 2017 guidance: "matters that could affect an entity's long-term prospects;

the entity's intangible resources and relationships; and ESG matters"

3 of 35 11/18/2024, 3:36

,SASB FSA Level 1.pdf file:///C:/Users/HP/Desktop/New%20folder%20(2)/SASB%20FSA%

16. KPI: Key Performance Indicator

17. US SEC on Management Disclosure and Analysis (MD&A): -focus on mate- rial

information

-include key performance indicators (including non-financial and metrics to improve

comparability to companies in other industries)

-disclose known trends and uncertainties that are reasonably likely

-analyze the information that is disclosed

18. ECA: environmental cost accounting - aims to analyze cause-and-effect rela-

tionships to identify the source of and measure environmental impacts

19. EP&L: environmental profit and loss statements - seeks to assign a monetary

value to the environmental costs associated with certain business activities

20. SRI: socially responsible investing

21. problem with short-termism: though increases market liquidity, persistent

short-termism may undermine the efficiency of capital markets and result in dimin-

ished public confidence and depressed returns

4 of 35 11/18/2024, 3:36

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller NurseFerian. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $12.99. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

67866 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling

Popular Universities in the United States

Popular books

Find notes and summaries for these qualifications

Exam (elaborations)

SASB FSA Level 1 (2024 / 2025) Actual Questions and Verified Answers, 100% Guarantee Pass

Document information

Subjects

Written for

Seller

Reviews received

Content preview