Accounting for Foreign Currency

Accounting for Foreign Currency
Click to enlarge
Price: $24.99
Credits: 3.0
Prerequisite: None
Level: Intermediate
Model: JS054
Author: DeltaCPE LLC
Average Rating: Not Rated
Fields of study: Accounting
Format: PDF

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.

Field of Study    Accounting
Level of Knowledge    Intermediate
Prerequisite    None
Advanced Preparation    None
Learning Objectives  
After completing this section, you should be able to:
1.    Recognize key areas of guidance in ASC 830 Foreign Currency Matters
2.    Identify steps to remeasure foreign currency transactions to the functional currency
3.    Identify steps to translate foreign currency financial statements to the reporting currency

Additional Contents : Complete, no additional material needed
Advance Preparation : None
Intended Participants :
Any CPA looking to maintain or enhance their professional competence

Course Declaration : Participants must complete the final examination within one year of purchase. A minimum passing grade of 70% or better is required to receive CPE
Click here to view cancellation and record retention policies

Write Review
Your Name:

Your Review: Note: HTML is not translated!

Rating: Bad            Good

Enter the code in the box below:

There are no additional images for this product.
No Records.