Foreign Exchange Rates (IAS 21)

Overview:

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.