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.

  • Content Partner:

    SmartPros Ltd.

    SmartPros Ltd. is a leader in online and offline continuing education for
    accounting, finance and engineering professionals. With over 2,000 hours of
    content, SmartPros has been providing mandatory continuing education
    products since 1981. SmartPros provides services and content to its
    professional and corporate clients, in a variety of media including Web, CD
    ROM, and video. In the accounting market, SmartPros also has a predominant
    news and information portal which receives 200,000+ visits per month and
    provides services to over 100,000 subscribers. SmartPros' customers include
    50% of the Fortune 500, as well as the major firms and associations in each
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    Speaker / Author:

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

    Software & Hardware Requirements:

    • 56k or Greater Internet Connection
    • Adobe Acrobat® Reader for the .pdf files
    • Adobe® Flash® Player 9 or higher
    • Modern DHTML Compatible Browser
    • Ram: 256 MB minimum
    • Windows or Mac OS

    Buy

    Price (USD)

    Standard Rate: $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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