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ASC 830 (FAS 52) Foreign Currency Intro

February 17, 2015 @ 9:00 am PST - 11:30 am PST


Introduction to Accounting for Foreign Currency Transactions Workshop

Learn about accounting for FX transactions, understanding FX gains and losses, determining a functional currency, remeasurement, and translation. 2.5 CPE Hours.

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This workshop is designed for those who work with foreign currency transactions as part of their daily responsibilities as well for mid-level managers and above as an introduction to ASC 830 (FAS 52): Foreign Currency Matters.  Whether you tackle it everyday or just need to know how foreign currency is impacting your financial results in consolidated earnings, this course covers the need to know elements of ASC 830.

This workshop covers:

  • Foreign currency terminology, functional currency concepts, and foreign currency exposure types
  • A two-step review: (1) We will examine how changes in non-local or non-functional currency transactions affect earnings and (2) we will review ASC 830 guidance for capturing the equity effects of non-US-dollar functional entities for reporting consolidated results.
  • Easy to understand examples.  We will illustrate how a company’s functional currency elections affect the remeasurement and translation of monetary and non-monetary accounts and perform proofs to show the net impact of the cycle.
  • The impact of foreign currency exposures on the FX gain/loss line in both earnings and equity. We will provide participants with a troubleshooting approach and tips so that they can track down, understand, and explain to management – what is driving the “noise” in the FX G/L line.

After the class, participants will be able to understand the ASC 830 cycle and the drivers of FX gains and losses that result from foreign currency transactions and translation.  The class provides valuable tools to troubleshoot foreign exchange gain/loss results and the basis needed to prepare one for Hedge Trackers’ FAS 52 (ASC 830) Intermediate Workshop.

Delivery Method: Group-Live
Program Level: Basic Understanding of Foreign Currency Transactions
Prerequisites: None
Advanced Preparation: None
Field of Study: Accounting
CPE Credit: 2.5 Hours

For more information regarding refund, concerns and program cancellation policies, please contact our offices at 408-350-8580.


February 17, 2015
9:00 am PST - 11:30 am PST
Event Category:


Hedge Trackers


Hedge Trackers Office
1190 Saratoga Avenue, Suite 110
San Jose, CA 95129 United States
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