Dates and location
Hours
Dates and location
Hours
Description
This course introduces IAS 21 and explains how entities should account for foreign currency transactions and foreign operations under IFRS. Many businesses deal with multiple currencies through sales, purchases, financing, or overseas activities. Changes in exchange rates can affect reported profits, asset values, and liabilities, making accurate accounting essential. The course explains how to identify an entity’s functional currency, record foreign currency transactions, and translate financial statements for reporting purposes. It also clarifies how exchange differences arise and where they should be recognized in the financial statements. Practical explanations are used to help learners understand how IAS 21 is applied in real reporting situations. By the end of the course, learners will have a clear understanding of IAS 21 requirements and how to apply them correctly in financial reporting.
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Key Takeaways
Upon completion of this course, learners will be able to:
- Explain the objective and scope of IAS 21.
- Describe why foreign exchange accounting is necessary in financial reporting.
- Define key terms used in IAS 21 with clarity.
- Distinguish between functional currency and presentation currency.
- Apply relevant factors to determine an entity’s functional currency.
Who Will Benefit
This course is ideal for accounting and finance professionals who work with or report on foreign currency transactions and want to learn how to accurately apply IAS 21 principles to manage exchange rate impacts and ensure compliant, reliable financial reporting across multiple currencies.
How to Access the Course
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To access the course on your computer please visit our BlackBoard site, and log-in using the same login and password used for the Registration Portal.
Please allow up to 15 minutes after registration for the course to appear on your BlackBoard page.
Registration, cancellation, withdrawal and all other CPA Ontario PD policies can be found here.
Speaker(s)
Learnsignal is a fully online accountancy and finance training provider, partnering with institutes around the world to deliver expert CPD training and help accountants of all levels upskill and grow their careers. With headquarters in Dublin, and a wealth of heritage in the education and accountancy training industry, Learnsignal have quickly become one of the largest Online Training Providers in the world.