CPC 02 - Effects of Changes in Exchange Rates and Conversion of Financial Statements

CFC SCORE: AUD 1, CMN 1, SUSEP 1, ProGP 1, Expert 1, PREVIC 1, ProRT 1

Program:

  • Overview.
  • Functional currency.
  • Net investment in an entity abroad.
  • Monetary item.
  • Summary of approach required by this pronouncement.
  • Presentation of a foreign currency transaction in the functional currency.
  • Use of a presentation currency other than the functional currency.
  • Tax effects of all exchange rate variations.
  • Disclosure.

Target audience: Controllership, accounting and finance professionals, including accountants, auditors, analysts, consultants and other interested parties.

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