An entity with foreign activities may have transactions in foreign currencies or it may have foreign operations. IN either case, IFRS permits some reporting choices. The company some may present its financial statements in a foreign currency. This session will outline how to include foreign currency transactions and foreign operations in the financial statements and how to translate financial statements into a presentation
Currency with an emphasis on which exchange rate(s) to use and how to report the effects of changes in exchange rates in the financial statements and accounting for the use of currency hedging.
Objective :
The objective of this session is to help you understand how the Standard prescribes how to include foreign currency transactions and foreign operations in the financial statements of an entity and how to translate financial statements into a presentation currency. The principal issues are which exchange rate(s) to use and how to report the effects of changes in exchange rates in the financial statements.
Areas Covered in the Session :
The purpose of hedge accounting and what constitutes a hedging relationship
The conditions under which you can use hedge accounting
Anticipated purchase or sale of a commodity hedged with a forward contract
Anticipated transaction denominated in a foreign currency hedged with a forward contract
An interest-bearing asset or liability hedged with an interest rate swap
A foreign currency-denominated interest-bearing asset or liability hedged with a cross-currency interest rate swap
Financial statement presentation and disclosure requirements
Who Will Benefit:
Accountants
Accounting and Reporting and Treasury Managers
CFO’s
Company Executives
Anyone involved in the IFRS compliance process
About Speaker:
A Certified Public Accountant, business author Mike Morley is an entertaining and informative speaker and a recognized authority in the field of finance.
Mike offers various training programs, such as IFRS, SOX, and Financial Statement Analysis that focus on providing continuing education opportunities for finance and accounting professionals.
Many Fortune 500 companies take advantage of his training programs to bring their staff up to speed so that everyone understands what their responsibilities are.
Mike is the author of several books, including:
“IFRS Simplified”, which provides a jump start for accountants and finance executives who want to quickly and easily get up to date on IFRS.
“Sarbanes-Oxley Simplified,” which is an easy-to-read explanation of the requirements of the U.S. legislation that makes CEO's & CFO's personally responsible for the accuracy of their company's financial statements.
“Financial Statement Analysis Simplified” which translates the accounting language of financial statements into clear, easy-to-understand terms that anyone who needs to make well-informed financial decisions quickly will appreciate.
Event URL: https://www.compliancetrainingpanel.com/Webinar/Topic?WB=BF00094
