CONTINUING EDUCATION FOR TAX & FINANCIAL PROFESSIONALS

Accounting for Foreign Currency

Icon_Self-Study
Self-Study
Icon_Level
Intermediate
Credits
CPE Credits
3 Credits: Accounting

Course Description

In today’s modern economy, the growth of foreign operations is continuing upward and the number of companies with foreign operations has expanded. For example, a company often operates in different economic and currency environments to stay competitive in the global marketplace. Thus, it must have a process for reporting foreign currency balances to address several financial reporting issues, such as determining functional currencies, accounting for foreign currency transactions, and translating its foreign entity’s financial statements. ASC 830 Foreign Currency Matters provides guidance for transactions denominated in a foreign currency, and for operations undertaken in a foreign currency environment. This course covers key aspects of the guidance and includes specific examples to illustrate its application. Relevant references to and excerpts from ASC 830 are discussed throughout the course.

Learning Objectives

Upon successful completion of this course, participants will be able to:

  • Recognize key areas of guidance in ASC 830 Foreign Currency Matters
  • Identify steps to remeasure foreign currency transactions to the functional currency
  • Identify steps to translate foreign currency financial statements to the reporting currency

Course Specifics

Course ID
1213557
Original Release Date
November 19, 2021
Number of Pages
84
Prerequisites

There are no prerequisites.

Advanced Preparation

None

Compliance information

NASBA Provider Number: 103220

Course Instructor

Delta CPE LLC Headshot
Delta CPE LLC

For many years, Delta CPE LLC has offered a wide variety of continuing education courses for financial professionals. Topics covered by Delta’s courses include accounting, financial management, budgeting, investments, financial statement reporting, business management, IFRS, ethics, valuations, real estate, and business writing. The diversity and breadth of Delta’s course offerings make the company a prolific and unique contributor to the CPE world. Delta’s well-credentialed authors and contributors have also been published in numerous academic and professional journals and quoted by some of the leading financial media outlets.

Accounting for Foreign Currency

Expert Instructors
Format
CPE CREDITS
3 Credits: Accounting

$87.00$107.00

Clear
Icon_Self-Study
Self-Study
Icon_Level
Intermediate
Credits
CPE Credits
3 Credits: Accounting

Course Description

In today’s modern economy, the growth of foreign operations is continuing upward and the number of companies with foreign operations has expanded. For example, a company often operates in different economic and currency environments to stay competitive in the global marketplace. Thus, it must have a process for reporting foreign currency balances to address several financial reporting issues, such as determining functional currencies, accounting for foreign currency transactions, and translating its foreign entity’s financial statements. ASC 830 Foreign Currency Matters provides guidance for transactions denominated in a foreign currency, and for operations undertaken in a foreign currency environment. This course covers key aspects of the guidance and includes specific examples to illustrate its application. Relevant references to and excerpts from ASC 830 are discussed throughout the course.

Learning Objectives

Upon successful completion of this course, participants will be able to:

  • Recognize key areas of guidance in ASC 830 Foreign Currency Matters
  • Identify steps to remeasure foreign currency transactions to the functional currency
  • Identify steps to translate foreign currency financial statements to the reporting currency

Course Specifics

Course ID
1213557
Original Release Date
November 19, 2021
Number of Pages
84
Prerequisites

There are no prerequisites.

Advanced Preparation

None

Compliance information

NASBA Provider Number: 103220

Course Instructor

Delta CPE LLC Headshot
Delta CPE LLC

For many years, Delta CPE LLC has offered a wide variety of continuing education courses for financial professionals. Topics covered by Delta’s courses include accounting, financial management, budgeting, investments, financial statement reporting, business management, IFRS, ethics, valuations, real estate, and business writing. The diversity and breadth of Delta’s course offerings make the company a prolific and unique contributor to the CPE world. Delta’s well-credentialed authors and contributors have also been published in numerous academic and professional journals and quoted by some of the leading financial media outlets.

Accounting for Foreign Currency

Expert Instructors
Format
CPE CREDITS
3 Credits: Accounting

$87.00$107.00

Clear