IFRS - Foreign Exchange Rates and Financial Reporting in Hyperinflationary Economies

1.5

Total CPE

Tuition
$165.00

Approximate Length
02:00:00

Course Number
19-WB-483

1.5

Total CPE

Tuition
$165.00

Approximate Length
02:00:00

Course Number
19-WB-483

Course Details

This course is intended to provide an introduction to foreign exchange rates, hyperinflationary economies, and related disclosure considerations under IAS 21 and IAS 29.

By the end of this course, participants should be able to:

identify requirements for translating foreign currency transactions and balances into an entity’s FC and related definitions
apply requirements of IAS 21 to identify an entity’s FC, and translate FX transactions and balances into an entity’s FC
recall requirements for translating financial statements into a presentation currency
identify characteristics indicating that an economy is hyperinflationary
recall basic restatement procedures of FS whose FC is that of a hyperinflationary economy in accordance with IAS 29
identify the presentation and disclosure requirements of IAS 21 and IAS 29.

This course is part of the IFRS Curriculum series.

Note: This course references data and sources that were available at the time of development. Please visit the Financial Reporting View website for the most up-to-date guidance and insights.

Keywords: IAS 21, IAS 29, Foreign Currency Transactions, Translation of the Financial Statements, Foreign Exchange Rates, Financial Reporting, Accounting

Other Details

Special Notice/Instruction: CPE credits will be awarded upon successful completion of the content and passing the exam with a grade of 70 or higher. In accordance with NASBA requirements, you must complete and pass the exam within one year of your enrollment in the program.

NASBA Delivery Type: Self-Study

Advanced Preparation: There is no advanced preparation for this course.

This course is not mobile-compatible.

Level of Knowledge: Basic
Field of Study: Accounting - 1.5
Delivery Method: Web Based Self Study