Programme Objective Companies need to identify their functional currency appropriately to achieve the objectives of FRS 21 The Effects of Changes in Foreign Exchange Rates. If the functional currency is incorrectly determined, the translation gains and losses will not reflect the effects of an entity’s transaction exposure to foreign exchange fluctuations. This workshop explains the concept of the functional currency and the principles in FRS 21. It considers the determinants of the functional currency with reference to an entity’s economic environment and product and process markets. The workshop also explains the translation objectives and processes in FRS 21.
Companies need to identify their functional currency appropriately to achieve the objectives of FRS 21 The Effects of Changes in Foreign Exchange Rates. If the functional currency is incorrectly determined, the translation gains and losses will not reflect the effects of an entity’s transaction exposure to foreign exchange fluctuations. This workshop explains the concept of the functional currency and the principles in FRS 21. It considers the determinants of the functional currency with reference to an entity’s economic environment and product and process markets. The workshop also explains the translation objectives and processes in FRS 21.
Understanding the principles and determinants of the functional currency in FRS 21Determining the functional currency in the light of the economic environment of an entityDifferences between the functional currency and the presentation currencyTranslation objectives in FRS 21Exposed items in the translation processTranslation of foreign currency transactions and balances of a stand-alone entityTranslation of financial statements from an entity’s functional currency to a different presentation currency Training Methodology Lecture style, with Exercises/Case Studies Closing Date for Registration 1 week before programme or until full enrolment
Lecture style, with Exercises/Case Studies
1 week before programme or until full enrolment
A Foundation to Intermediate level programme suitable for Practising Accountants, Non-Practising Accountants and Audit Professionals.
Category 1 = 3.50 Hours
28 Nov 2018 (9:00 AM - 12:30 PM)
Registration is closed
08 Nov 2017 (2:00 PM - 5:30 PM)
09 Nov 2016 (2:00 PM - 5:30 PM)
For Members: $ 199.02 For Non-Members: $ 237.54
60 Cecil StreetISCA HouseSingapore 049709
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05 Mar 2021 - 05 Mar 2021
08 Mar 2021 - 08 Mar 2021