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IFRS: The Effects of Changes in Foreign Exchange Rates

Publisher: AICPA
Availability: Online Access
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AICPA's IFRS Certificate Program

This course is part of the IFRS Certificate Program – a comprehensive, integrated curriculum that will give you the basic training, knowledge, and practical guidance in international accounting standards that are necessary in today's global business environment. Credit for individual courses purchased can be applied to the full program. Click here for information on the complete program.

The purpose of this course is to familiarize you with the guidance in IAS 21, The Effects of Changes in Foreign Exchange Rates, on accounting for foreign currency transactions and foreign operations in the financial statements of an entity, and the translation of financial statements into a presentation currency.

Learning Objective
Upon completion of this course, you should be able to:

  • Understand how an entity determines the appropriate functional currency.
  • Understand how to report foreign currency transactions in the functional currency.
  • Evaluate the use of a presentation currency other than the functional currency.
  • Understand how to translate an entity’s results and financial position into a presentation currency.

Prerequisite: None

Advanced Preparation: None

Note: Accessible immediately after completing the purchase process on

NASBA Field of Study: Accounting
Level: Basic
Recommended CPE Credit: 1.5
IFRS: The Effects of Changes in Foreign Exchange Rates
IFRS: The Effects of Changes in Foreign Exchange Rates
CPE On-Demand
Product# 159744
Availability: Online Access 1 Year
For registered users only
AICPA Member:$50.00
Your Price:$70.00
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