
Foreign Exchange Rates (IAS 21)
Addresses requirements of IAS 21, The Effects of Changes in Foreign Exchange Rates.
Format
Online
NASBA Field of Study
Accounting
Level
Basic
CPE Credits
1
Availability
1 year
Product Number
167925
This course is part of the IFRS Certificate Program — a comprehensive, integrated curriculum that will give you the foundational training, knowledge, and practical guidance in international accounting standards necessary in today's global business environment.
This self-study course addresses requirements of IAS 21, The Effects of Changes in Foreign Exchange Rates, including the following:
- Functional currency definition and determination
- How to translate a foreign currency transaction
- Calculation and financial statement presentation of exchange differences (gains and losses)
- Foreign subsidiary consolidation, including the calculation of goodwill
This course includes interactive learning elements and illustrative exercises with solutions.
Note: Individual courses purchased within the last year can be applied toward the purchase of the IFRS Certificate Program. Find out more.
- Recall how an entity determines its functional currency.
- Recognize foreign currency transactions in the functional currency.
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2 to 5 registrants
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