Accounting for Foreign Currency ON DEMAND
Available Until
Your Desk
2.0 Credits
Member Price $58.00
Non-Member Price $67.00
Overview
In the dynamic landscape of international business, handling foreign currency accounting emerges as a complex challenge for many organizations. This course addresses the problem of navigating the intricacies of foreign currency transactions, from converting financial statements to dealing with the implications of hyperinflationary economies. The course agitates the complexities of foreign exchange risks and the uncertainty around choosing the right hedging instruments. The solution is presented through comprehensive guidance on every aspect of foreign currency accounting, including translation of financial statements, effective hedging strategies, and essential internal auditing tasks. Participants will gain the knowledge and skills to confidently manage foreign currency accounting issues, turning a potential problem area into a well-handled aspect of their financial operations.
Highlights
Financial statement translation. Foreign currency transactions. Other foreign currency topics.
Prerequisites
None.
Designed For
CPAs, CFOs, controllers, financial professionals, and auditors.
Objectives
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.
Preparation
None.
Notice
None.
Leader(s):
Leader Bios
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