FAS 52 (ASC 830) & Derivatives: Unraveling the Mystery of FX Accounting Webinar
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Overview
Get a clear understanding of accounting for foreign currency transactions and derivatives and discover the best way to handle them. This webinar will provide:
- A detailed explanation of accounting for foreign currency transactions
- A comprehensive review of ASC 830 (FAS 52) and translation/remeasurement of foreign currency denominated financial statements
- An overview of foreign currency hedges and related accounting treatments
Objective
To gain an in-depth understanding of accounting for foreign currency transactions, including translating financial statements, remeasuring foreign currency transactions and recording foreign currency hedging transactions. This webinar explains foreign currency derivatives, how they're used to mitigate risk and the related accounting treatment.
Emphasis
- Determining the functional currency
- Changing the functional currency
- Accounting for foreign currency transactions
- Translation of FX financial statements
- Remeasurement gains and losses
- Calculating foreign currency exposure
- Accounting for foreign currency translation adjustment
- Currency effects in Statement of Cash Flows
- Highly inflationary economies
- Intercompany accounts of foreign subsidiaries
- Acquistitions and dispositions involving a foreign operation
- Presentation and disclosure
- FX futures, forwards and swaps
- Documentation and effectiveness testing
- Accounting for FX derivatives: cash flow, fair value and net investment hedging
- Foreign currency disclosure requirements regarding fair value and derivatives
View Dates
| Date | Time | Subscriptions | Register |
|---|---|---|---|
| Mon, Nov 9, 2026 Code WA162KCPR02026 | 8:30 AM – 4:30 PM CT | Register | |
| Fri, Nov 13, 2026 Code WA162KCPR03026 | 8:30 AM – 4:30 PM PT | Register | |
| Thu, Nov 19, 2026 Code WA162KCPR01026 | 8:30 AM – 4:30 PM ET | Register | |
| Tue, Nov 24, 2026 Code WA162KCPR01126 | 8:30 AM – 4:30 PM ET | Register | |
| Wed, Dec 2, 2026 Code WA162LCPR03026 | 8:30 AM – 4:30 PM PT | Register | |
| Fri, Dec 4, 2026 Code WA162LCPR01026 | 8:30 AM – 4:30 PM ET | Register | |
| Fri, Dec 11, 2026 Code WA162LCPR01126 | 8:30 AM – 4:30 PM ET | Register | |
| Mon, Dec 14, 2026 Code WA162LCPR03126 | 8:30 AM – 4:30 PM PT | Register | |
| Thu, Dec 24, 2026 Code WA162LCPR02026 | 8:30 AM – 4:30 PM CT | Register | |
| Tue, Dec 29, 2026 Code WA162LCPR01226 | 8:30 AM – 4:30 PM ET | Register | |
| Fri, Jan 8, 2027 Code WA162ACPR03027 | 8:30 AM – 4:30 PM PT | Register | |
| Thu, Jan 21, 2027 Code WA162ACPR01027 | 8:30 AM – 4:30 PM ET | Register | |
| Wed, Feb 3, 2027 Code WA162BCPR01027 | 8:30 AM – 4:30 PM ET | Register | |
| Fri, Feb 12, 2027 Code WA162BCPR03027 | 8:30 AM – 4:30 PM PT | Register |
Prerequisite
Basic knowledge of financial accounting and reporting
Level of Knowledge
Intermediate
CPE Credits
7.5
Hours
NASBA Field of Study
Accounting