FUNDAMENTALS OF SUSTAINABILITY ACCOUNTING (FSA) CREDENTIAL™ - LEVEL II SAMPLE QUESTIONS

Sep 26, 2026

Uploaded by Adam

Level II sample questions for the Fundamentals of Sustainability Accounting (FSA) Credential™ use exam-style case studies to assess sustainability accounting judgment. The material explains the exam format, timing, and how correct answers are derived from the Level II Study Guide. It includes a Hotels & Lodging case study analyzing revenue drivers, cost structure, energy and water consumption, employee turnover, injury rates, and the operational exposure to coastal weather and sea-level risks. It also introduces a Telecommunications case study focused on market growth and e-waste end-of-life responsibilities.

LanguageEnglish

CategoryExam

FormatPDF

Pages8

Reading Time20 min

AccessFree to download

CASE STUDY 1 - HOTELS & LODGING INDUSTRY

Key revenue drivers and cost structure

Energy and water dependence

Workforce factors and climate exposure

CASE STUDY 2 - TELECOMMUNICATIONS INDUSTRY

Market growth and global context

Device bundling and e-waste responsibilities

FUNDAMENTALS OF SUSTAINABILITY ACCOUNTING (FSA) CREDENTIAL™ LEVEL II SAMPLE QUESTIONS The following sample questions have been developed to mimic the style and rigor of the questions on the FSA Level II exam. As with the Level II exam, the correct answers are derived from the information contained in the Level II Study Guide. The correct answers are listed atthe end of the ﬁnal sample case study. The study guide includes explanations for each answer. In the exam, there are 13 case studies and 53 exam questions; you have 2 hours to complete the exam. Reading a case study and answering 3 questions should take you between 6 and 7 minutes. We encourage you to practice how long it takes you to read each of the following 4 case studies + 2-4 questions. We have vetted the exam to ensure 2 hours is enough time for someone with mastery of the material to complete with time to spare to review. CASE STUDY 1-HOTELS & LODGING INDUSTRY Key revenue drivers in the Hotels & Lodging industry include consumer and business discretionary spending, domestic and international travel, and consumers’ sense of ﬁnancial security. Major costs include wages and purchases (room supplies, food, and beverages), which together account for over 60% of revenue. Since the industry is very capital-intensive for hotel owners, some companies have transitioned their business models away from direct property ownership to hotel management via franchising and third party property ownership. Hotel and lodging companies have relatively large consumption of, and dependence on, energy and water resources though they are not the industry’s greatest source of operating costs. Variability in energy prices or water availability impacts ﬁnancial results or even the ability to operate. In the U.S., the average retail price of electricity for the commercial end-use sector was 7.25 cents per kilowatt-hour (kWh) in 2001 and is projected to increase to 18.5 cents per kWh by 2040, representing a 2.4% increase annually. The industry also relies heavily on human capital for guest services and daily operations. These jobs typically require long working hours and are ﬁlled by a large percentage of women and immigrants. Furthermore, as approximately 80% of all tourism takes place in coastal areas, the industry faces challenges from shifting weather patterns and rising sea levels. Below is information from two companies in the Hotels & Lodging industry, which may or may not be material. Note that determining the average number of occupied rooms requires multiplying the average occupancy rate by the number of hotel rooms. © SASB FSA LEVEL II SAMPLE QUESTIONS | | Company A | Company B | | --- | --- | --- | | Revenue (in millions) | $1,840 | $6,420 | | Number of Hotel Rooms | 92,896 | 128,234 | | Average occupancy rate | 71% | 82% | | % Locations owned (as opposed to leased) | 65% | 30% | | % of revenue from leisure/tourism customers | 35% | 72% | | Percent of revenue from: | | | | Mountain regions | 30% | 15% | | Landlocked, non-mountain regions | 60% | 45% | | Coastal regions | 10% | 40% | | Total energy consumed (in thousands of gigajoules) | 5,132 | 3,725 | | Reclaim rate of hotel room keys | 79% | 31% | | Total water withdrawn (in thousands of cubic meters) | 12,120 | 8,478 | | Water withdrawn in regions with high/extremely high water stress (in thousands of cubic meters) | 2,545 | 2,296 | | Voluntary employee turnover rate for hotel employees | 60% | 95% | | Total employee workplace injury rate (incidents per thousand hours worked) | 1.2 | 0.4 | 1 If an analyst determines that Company A is less likely than Company B to impacts from environmental and climate risks, what piece of information lead to that conclusion? face material would likely A. The percent of revenue from coastal regions B. The percent of revenue from business customers C. The reclaim rate of plastic hotel room keys D. The amount of energy needed to generate $1 of revenue 2 An

FAQs

What is the exam structure and time limit for the FSA Level II sample questions?

The exam includes 13 case studies and 53 exam questions, completed in 2 hours. Reading one case study and answering 3 questions is designed to take about 6 to 7 minutes.

How do Hotels & Lodging revenues and major costs relate to sustainability accounting inputs?

Key revenue drivers include discretionary spending, travel, and consumers’ financial security. Major costs include wages and purchases like room supplies, food, and beverages, which together account for over 60% of revenue, while energy and water use can affect operational and financial outcomes.

What information does the sample use to evaluate impacts from environmental and climate risks for Company A vs Company B?

It compares Company A and Company B using sustainability-linked metrics provided in the case study table, such as revenue share by region (including coastal regions) and other operational indicators like energy and water usage or key reclaim rates.

Sep 26, 2026

Uploaded by Adam