IFRS: The Effects of Changes in Foreign Exchange Rates

Financial accounting & reporting

Course

IFRS: The Effects of Changes in Foreign Exchange Rates

Instructor: AICPA Professional Development Staff

  • Format

    Course - Online

  • Level

    Basic

  • Duration

    1.5 hours

Learn about the guidance in IAS 21, The Effects of Changes in Foreign Exchange Rates, on accounting for foreign currency transactions and foreign operations.

Learning outcomes

  • Understand how an entity determines the appropriate functional currency
  • Understand how to report foreign currency transactions in the functional currency
  • Evaluate the use of a presentation currency other than the functional currency
  • Understand how to translate an entity's results and financial position into a presentation currency

£39.00 (CIMA members only)

£49.00

VAT calculated on checkout

Product information

Overview

The purpose of this course is to familiarise you with the guidance in IAS 21, The Effects of Changes in Foreign Exchange Rates, on accounting for foreign currency transactions and foreign operations in the financial statements of an entity, and the translation of financial statements into a presentation currency.

Who should take this course?

  • Accounting and finance professionals who perform audits or prepare financial reports and work in the following areas: * Multinational organisations * US-based subsidiaries of foreign parent corporations * US-based parent companies with international subsidiaries that have adopted IFRS * Public companies * Large private companies * Public practice who serve private, public or international companies with audit, preparation, or advisory service

Professional development

This Course - Online offers 1.5 hours of CPE credit.
Note on CPE Requirements and Credits
All learning resources available in the CGMA Store qualify for CPD for CIMA members.

Field of study: Accounting
Prerequisites:Familiarity with financial reporting and accounting principles under IFRS
Programme level:Basic
Duration:1.5 hours
Format:Course - Online
Access:This is a digital product. You will have access to the content for a year after purchase date.

Return and refund policy

£39.00 (CIMA members only)

£49.00

VAT calculated on checkout

Instructor

  • AICPA Professional Development Staff