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.