Foreign Currency Accounting

Price: $19.99

CPE Credits: 2.0

Category:

Course Number: AACSBFC

foreign currency accounting cpe

Description:
This course provides the accountant with a complete toolkit of solutions for dealing with foreign currency issues. It shows every step in the process of converting foreign currency financial statements into the reporting currency of the parent entity. The course also describes the accounting for basic foreign exchange transactions and hedging activities, as well as related financial statement disclosures. As an added bonus, it addresses such related topics as the additional steps required to close the books and internal auditing tasks related to foreign currencies. Table of Contents


Delivery Method: Online QAS Self Study.

Level: Overview.

Prerequisites: None

Advanced Preparation: None

Author: Steven Bragg, CPA

Publication: March 2015
Update: January 19, 2018

Format: PDF
Pages: 48

Passing Grade: 70%

Exam Policies: Exam may be retaken. Course must be completed within one year of purchase.

CPE Sponsor Info : NASBA/QAS #109234. Click here to view specific state approvals.

By the end of the course participants should be able to:

  • Identify the criteria for determining a functional currency, the issue that shifts a gain or loss out of other comprehensive income, and the steps used to deal with the financial statements of an organization operating in a hyperinflationary economy.
  • Note the basic accounting for foreign currency transactions, what constitutes an effective hedge, and the various types of hedging tools.
  • Recognize the types of disclosures related to foreign exchange, and the activities related to foreign exchange that internal auditors might engage in.

Overall Course Rating: 4 Stars – Marissa H. 10/17
cpe course rating

Description:
This course provides the accountant with a complete toolkit of solutions for dealing with foreign currency issues. It shows every step in the process of converting foreign currency financial statements into the reporting currency of the parent entity. The course also describes the accounting for basic foreign exchange transactions and hedging activities, as well as related financial statement disclosures. As an added bonus, it addresses such related topics as the additional steps required to close the books and internal auditing tasks related to foreign currencies. Table of Contents


Delivery Method: Online QAS Self Study.

Level: Overview.

Prerequisites: None

Advanced Preparation: None

Author: Steven Bragg, CPA

Publication: March 2015
Update: January 19, 2018

Format: PDF
Pages: 48

Passing Grade: 70%

Exam Policies: Exam may be retaken. Course must be completed within one year of purchase.

CPE Sponsor Info : NASBA/QAS #109234. Click here to view specific state approvals.

By the end of the course participants should be able to:

  • Identify the criteria for determining a functional currency, the issue that shifts a gain or loss out of other comprehensive income, and the steps used to deal with the financial statements of an organization operating in a hyperinflationary economy.
  • Note the basic accounting for foreign currency transactions, what constitutes an effective hedge, and the various types of hedging tools.
  • Recognize the types of disclosures related to foreign exchange, and the activities related to foreign exchange that internal auditors might engage in.

Overall Course Rating: 4 Stars – Marissa H. 10/17
cpe course rating

  • “It is rare that i can actually say that I enjoyed a CPE course but I found this one informative and very interesting, relying more on the author’s examples and not just quoting tax code!  [Healthcare Reform: The affordable Care Act Tax Provisions]

    - Thomas

  • Great course! Price was right and the material was very thorough.

    - Alex

  • “always love your site and prompt customer service !! ”  Dec. 2017

    - Thank you :)