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Advanced Concepts ASC 830: Part 1 – Shadow Balances, Accruals, ERP, etc
November 11, 2020 @ 10:00 am PST - 11:00 am PSTFree
This course covers common yet complex issues with foreign currency accounting transactions. Regardless of either USD or local currency functional, foreign currency transactions and translation processes can create unwanted and unexpected results.
The materials will cover problems with foreign currency accruals, creating and fixed shadow balances, how inventory and deferred revenue are impacted by ASC 830 and finally how daily accounting rates can impact your financials in unexpected ways.
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Participants will be prepared to:
• Relate advanced concepts in ASC 830 to their company’s characteristics
• Understand how to properly accrue foreign transactions and prevent shadow balances
• Learn why inventory and deferred revenue can create unexpected results
• Understand the impacts of using a daily rate under ASC 830
After completing this course, participants will be able to better account for new and ongoing foreign currency transactions as well as understand how different foreign currency transactions will impact their financial statements.
Delivery Method: Group Internet-Based
Program Level: Advanced
Prerequisites: Solid understanding of transaction and translation accounting
Advanced Preparation: None
CPE Credit: 1
For more information regarding refund, concerns and program cancellation policies, please contact our offices at 408-350-8580.