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Activity Provided By:

Becker Professional Education

Foreign Currency Accounting (ASC 830)

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Overview / Abstract:

Through practical exercises and examples that lay the foundation for real-world familiarity and success, participants will learn how to determine functional currency while gaining a thorough understanding of Foreign Currency Accounting (ASC 830), including its objectives, purpose, disclosure requirements and critical definitions. After completing this session you will be able to:

Recognize the measurement methods and current cost determination, and the classification of the balance sheet into monetary and non-monetary items under ASC 255
Define and recognize the critical terms used in ASC 830
Recognize the proper accounting treatment under the following methods:
Translation (Current) method
Remeasurement (Temporal) method
Calculate translation gains and losses
Recognize the disclosure requirements under ASC 830
Recognize the proper accounting and reporting for foreign currency transactions

Expiration

Aug 18, 2020

Discipline(s)

Accounting , Financial Advisor CE

Format

Online

Cost

79.00

Credits / Hours

2.00 CPE

Keywords / Search Terms

Becker Professional Education

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