Foreign Exchange Rates (IAS 21)
Addresses requirements of IAS 21, The Effects of Changes in Foreign Exchange Rates.
NASBA Field of Study
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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