Foreign Exchange Rates (IAS 21)

Format

Course - Online

Duration

Addresses requirements of IAS 21, The Effects of Changes in Foreign Exchange Rates.

Learning outcomes

• Recall how an entity determines its functional currency.
• Recognize foreign currency transactions in the functional currency.

£19.00 (CIMA members only)

£25.00

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Product information

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 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 complete IFRS Certificate.

Who should take this course?

• Accounting and finance professionals who work for private or public multinational organizations whose parent entity or subsidiaries have adopted IFRS
• Accountants in public practice who provide audit or assurance services to private or public multinational organizations that have adopted IFRS

Professional development

This Course - Online offers 1 hours of CPE credit.
Note on CPE Requirements and Credits
All learning resources available in the CGMA Store qualify for CPD for CIMA members.

Prerequisites:	None
Duration:	1h
Format:	Course - Online
Access:	This is a digital product. You will have access to the content for a year after purchase date.

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