SASB Will Provide New Information to Investors
SASB Will Provide New Information to Investors
Nancy J. Drevo
Wayne State College
SASB Will Provide New Information to Investors
SASB, otherwise known as the Sustainability Accounting Standards Board, is a relatively new thing in the world of accounting. While accounting measures all kinds of financial information, SASB is getting ready to revolutionize the fields of accounting and finance by coming up with new ways to measure the sustainability of companies, through measurements of non-financial information, having to do with the environment, social and governance factors . This will, in turn, revolutionize the market by increasing competition in these areas. Since SASB will be reporting this new information to the public, investors will have new ways to measure the companies they may want to invest in. The culmination of all that SASB will do is great news for investors, which will usher in great social change. SASB Will Revolutionize Accounting and Finance Great social change will take place as SASB revolutionizes the fields of accounting and finance. Requiring publicly traded corporations to report material sustainability issues is a whole new accounting standard with its own specific conceptual framework. Never before has the field of accounting required this kind of non-financial information to be reported. Since there will be new information available, the field of finance will need to adjust how they measure this new information to assist investors in making reasonable decisions based upon it.
SASB Will Revolutionize the Market
Since SASB will require publicly traded companies to report information considering environmental, social and governance factors, it would seem reasonable to assume that this will create new competition in the market . The creation of more competition in the market will strengthen it. Also, since this new information will be available to investors, it has the possibility of changing investors’ minds about
Nancy J. Drevo
Wayne State College
SASB Will Provide New Information to Investors
SASB, otherwise known as the Sustainability Accounting Standards Board, is a relatively new thing in the world of accounting. While accounting measures all kinds of financial information, SASB is getting ready to revolutionize the fields of accounting and finance by coming up with new ways to measure the sustainability of companies, through measurements of non-financial information, having to do with the environment, social and governance factors . This will, in turn, revolutionize the market by increasing competition in these areas. Since SASB will be reporting this new information to the public, investors will have new ways to measure the companies they may want to invest in. The culmination of all that SASB will do is great news for investors, which will usher in great social change. SASB Will Revolutionize Accounting and Finance Great social change will take place as SASB revolutionizes the fields of accounting and finance. Requiring publicly traded corporations to report material sustainability issues is a whole new accounting standard with its own specific conceptual framework. Never before has the field of accounting required this kind of non-financial information to be reported. Since there will be new information available, the field of finance will need to adjust how they measure this new information to assist investors in making reasonable decisions based upon it.
SASB Will Revolutionize the Market
Since SASB will require publicly traded companies to report information considering environmental, social and governance factors, it would seem reasonable to assume that this will create new competition in the market . The creation of more competition in the market will strengthen it. Also, since this new information will be available to investors, it has the possibility of changing investors’ minds about
References: Sustainability Accounting Standards Board>about SASB>Vision and Mission. (2013, November 20). Retrieved from Sustainability Accounting Standards Board: Accounting for a Sustainable Future: http://www.sasb.org/sasb/vision-mission/