It’s quite common for a business to buy from companies located in other countries, or to sell goods and services to them. If so, the organization will likely have to deal with the accounting for foreign currencies. This course describes all accounting activities related to foreign currencies, with complete coverage of the steps needed to convert foreign currency financial statements into the reporting currency of the parent entity, as well as the accounting for basic foreign exchange transactions and hedging activities. In addition, the course addresses related topics, such as the additional steps required to close the books and internal auditing tasks related to foreign currencies.
Financial Statement Translation. Foreign Currency Transactions. Other Foreign Currency Topics.
CPAs, CFOs, controllers, financial professionals, and auditors.
Identify the criteria for determining a functional currency. Identify the issue that shifts a gain or loss out of other comprehensive income. Identify the steps used to deal with the financial statements of an organization operating in a hyperinflationary economy. Recognize the basic accounting for foreign currency transactions. Recognize what constitutes an effective hedge. Recognize the various types of hedging tools. Recognize the types of disclosures related to foreign exchange. Recognize the activities related to foreign exchange that internal auditors might engage in.
Steven Bragg, Western CPE
Steven M. Bragg, CPA, is a full-time book and course author who has written more than 70 business books. He provides Western CPE with self-study courses in the areas of accounting and finance, with an emphasis on the practical application of accounting standards and management techniques. A sampling of his courses include the The New Controller Guidebook, The GAAP Guidebook, Accountants’ Guidebook, and Closing the Books: An Accountant’s Guide. He also manages the Accounting Best Practices podcast.
Steven has been the CFO or controller of both public and private companies and has been a consulting manager with Ernst & Young and an auditor with Deloitte & Touche. He holds an MBA from Babson College, a Master of Finance from Bentley College, and a BA from the University of Maine (summa cum laude).
Non-Member Price $67.00
Member Price $58.00