Pass Your SBR ACCA Exams with Tom Clendon
Sep 11, 2026 · 11 min · 7 segments
*This episode is part of my Old but Gold series, where I revisit some of my earlier podcasts that are still completely relevant for your SBR exam today. The recording may be from the archives, but the…
Tom ClendonHost
So let's start by asking ourselves, what is climate change? Well, this is the phenomena, the relatively recent phenomena, that we've had an increase in the average temperature across the world, and this has the effect of raising sea levels.
This has the effect of there being more diverse and changing weather patterns, hotter, wetter seasons.
Now, the received wisdom is that the climate change is basically caused by there being more greenhouse gas emissions that have been released into the ozone layer and destroys the, the air, destroys the protective air around the Earth.
And more greenhouse gases have come about because of economic activity, in other words, because of the burning of fossil fuels, the burning of coal, the burning of oil, the burning of gas and petrol.
Greenhouse gas is the, the broader generic term, but carbon is really the main, uh, greenhouse gas that we're talking about.
Now, you may ask yourself, "What has this got to do with accountants?" Well, let's just step back for a moment and remind ourselves what we're good at: capturing data, measuring transactions, summarizing that, and then communicating it, reporting what is material, reporting what is useful to the users of the accounts so they can understand and they can make appropriate decisions.
That's our skill set, and that skill set can be applied to effectively greenhouse gas emissions, where we can summarize, and we can measure, and we can report because this is part of the information needs of the users.
So let's start by asking ourselves, what is climate change? Well, this is the phenomena, the relatively recent phenomena, that we've had an increase in the average temperature across the world, and this has the effect of raising sea levels.
This has the effect of there being more diverse and changing weather patterns, hotter, wetter seasons.
Now, the received wisdom is that the climate change is basically caused by there being more greenhouse gas emissions that have been released into the ozone layer and destroys the, the air, destroys the protective air around the Earth.
And more greenhouse gases have come about because of economic activity, in other words, because of the burning of fossil fuels, the burning of coal, the burning of oil, the burning of gas and petrol.
Greenhouse gas is the, the broader generic term, but carbon is really the main, uh, greenhouse gas that we're talking about.
Now, you may ask yourself, "What has this got to do with accountants?" Well, let's just step back for a moment and remind ourselves what we're good at: capturing data, measuring transactions, summarizing that, and then communicating it, reporting what is material, reporting what is useful to the users of the accounts so they can understand and they can make appropriate decisions.
That's our skill set, and that skill set can be applied to effectively greenhouse gas emissions, where we can summarize, and we can measure, and we can report because this is part of the information needs of the users.
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