Foreign Transactions and Operations

Overview

Effect of changes in foreign exchange rates

Learn to identify the appropriate currency in which to present the financial statements and how an entity accounts for transactions that arise in a currency other than its own.

Acquire new skills to demonstrate your proficiency

• Foreign currency transactions
• Financial statement presentation
• Translating foreign operations from functional currency to presentation currency

Gain practical experience

Use genuine examples that are designed to give you real-world knowledge on how to handle exchange rate differences to translate financial statements from its functional currency to the presentation currency.

This is a standalone course but if you're interested in more of this type of learning while earning a designation, explore the CGMAr Finance Leadership Program.

Highlights

Key Topics

• Foreign currency transactions and foreign operation

Prerequisites

None

Designed For

Who Will Benefit

• Global accounting and finance professionals
• Management accounting professionals
• Controllers
• CFOs
• Finance vice presidents
• Finance directors
• CPAs and CAs

Objectives

Learning Outcomes

• Assess the accounting for transactions in a foreign currency and the translation of foreign operations included in group financial statements.