Purchase Course

Accounting for Foreign Operations   

8

Estimated CPE
Tuition
$1,395.00
Course Number
12-IL-297-EE
Course Leader
Dan Gode
Hotel / Venue Details
View Details
8

Estimated CPE
Tuition
$1,395.00
Course Number
12-IL-297-EE
Course Leader
Dan Gode
Hotel / Venue Details
View Details

Course Details

Multinational companies face the challenging task of consolidating and reporting their foreign operations. This seminar provides an in-depth coverage of accounting for foreign currency transactions, remeasurements, and translations per FASB ASC 830. Although the standard is not new, it continues to present conceptual and practical challenges. Therefore, the seminar goes beyond a mere description of the technical requirements by explaining the underlying concepts and their rationale via practical hands-on spreadsheets that participants use in the seminar. The elimination of tedious computations frees up time to discuss practical implementation issues and how the standard affects interpretation of financial statements by users.

Note: Accounting for foreign currency derivatives is covered in the Derivatives and Hedging Foundations seminar.

Course Agenda

  • An overview of the concepts underlying the five-step process used to account for foreign currency transactions, remeasurements, and translations
  • Determining the functional currency
  • Translations under the current rate method
  • Remeasurements under the temporal method
  • Foreign currency transactions
  • Intercompany transactions and consolidations
  • Statement of cash flows and foreign operations

Course Leader
Dan Gode, Co-founder, Almaris Consulting and Training

Keywords: ASC Topic 830, FAS 52, Foreign Currency Transactions, Foreign Currency Remeasurements, Foreign Currency Translations, Current Rate Method, Temporal Method, Intercompany Transactions and Consolidations, Cash Flows for Foreign Operations, Accounting

Other Details

Special Notice/Instruction: NASBA Delivery Method: Group
Prerequisite:
  • A laptop with Excel 2010 or above is required to build models.
  • We use Excel 365 in the seminar. A working knowledge of Excel is required (advanced knowledge of Excel, such as macros, is not needed).

Preparation: None
Level of Knowledge: Intermediate
Field of Study: Accounting
Delivery Method: Seminar
New York, New York
12/13/2019

Multinational companies face the challenging task of consolidating and reporting their foreign operations. This seminar provides an in-depth coverage of accounting for foreign currency transactions, remeasurements, and translations per FASB ASC 830. Although the standard is not new, it continues to present conceptual and practical challenges. Therefore, the seminar goes beyond a mere description of the technical requirements by explaining the underlying concepts and their rationale via practical hands-on spreadsheets that participants use in the seminar. The elimination of tedious computations frees up time to discuss practical implementation issues and how the standard affects interpretation of financial statements by users.

Note: Accounting for foreign currency derivatives is covered in the Derivatives and Hedging Foundations seminar.

Course Agenda

  • An overview of the concepts underlying the five-step process used to account for foreign currency transactions, remeasurements, and translations
  • Determining the functional currency
  • Translations under the current rate method
  • Remeasurements under the temporal method
  • Foreign currency transactions
  • Intercompany transactions and consolidations
  • Statement of cash flows and foreign operations

Course Leader
Dan Gode, Co-founder, Almaris Consulting and Training

Keywords: ASC Topic 830, FAS 52, Foreign Currency Transactions, Foreign Currency Remeasurements, Foreign Currency Translations, Current Rate Method, Temporal Method, Intercompany Transactions and Consolidations, Cash Flows for Foreign Operations, Accounting

Special Notice/Instruction: NASBA Delivery Method: Group
Prerequisite:
  • A laptop with Excel 2010 or above is required to build models.
  • We use Excel 365 in the seminar. A working knowledge of Excel is required (advanced knowledge of Excel, such as macros, is not needed).

Preparation: None
Level of Knowledge: Intermediate
Field of Study: Accounting
Delivery Method: Seminar

Seminar Brochure

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Locations / Dates


New York, New York
12/13/2019


Seminar Brochure

Click to view, download, print