IFRS: The Effects of Changes in Foreign Exchange Rates

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Overview

1.5 Credits
ONLINE

The purpose of this course is to familiarize you with the guidance in IAS 21, The Effects of Changes in Foreign Exchange Rates, on accounting for foreign currency transactions and foreign operations in the financial statements of an entity, and the translation of financial statements into a presentation currency.

Objectives

  • Understand how an entity determines the appropriate functional currency.
  • Understand how to report foreign currency transactions in the functional currency.
  • Evaluate the use of a presentation currency other than the functional currency.
  • Understand how to translate an entity‚Äôs results and financial position into a presentation currency.

Major Topics

 

Designed For

 

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