Financial Reporting Issues

Accounting for Foreign Currency (Updated 2017)

Course Overview
This course discusses the process of translating financial statements from foreign currency into U.S. dollars. It covers a range of topics for the accounting and reporting of foreign currency transactions as prescribed by ASC 830, Foreign Currency Matters, and ASC 815, Derivatives and Hedging. For instance, forward contracts may be entered into for hedging or speculative purposes. A sale or liquidation of an investment in a foreign entity may occur. Foreign currency dealings may create a tax impact. Finally, footnote disclosures are discussed so readers can properly appraise a company's exposure in overseas operations to variability in foreign exchange rates.



Learning Objectives:

After completing this course, the course participant should be able to:

  • Identify the different risks associated with foreign currency and exchange rates.
  • Recognize the factors affecting the selection of a company’s functional currency.
  • Identify how different foreign currency transactions should to be reported.
  • Recognize the terminology used in foreign currency transactions, and the requirements and objectives for remeasurement and translation.



  • Speaker / Author:

    Steve Spafford is a CPA with DeltaCPE LLC, a national CPE provider.

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    Price (USD)

    Standard: $49.90

    Details

    Course Code : 99DEL01-v3

    Release Date : 02/22/2017
    Expire Date : 06/30/2021
    Credits :
    CPE 2.00
    QAS 2.00

    Length : 1hr 40min
    Course Level : Basic
    Course Type : Self-Study
    Passing Grade : 70%
    Format Type : eLearning
    Mobile Compatible
    Field Of Study : Accounting

    Theme : Financial Reporting Issues

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