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  • Price : INR 45,000 + GST
  • Programs : Digital
  • Category : Accountancy
  • Access :This is a digital product. You will have access to the content for a year.

This course is part of the IFRS Certificate Program – a comprehensive, integrated curriculum that will give you the basic training, knowledge, and practical guidance in international accounting standards that are necessary in today's global business environment. Credit for individual courses purchased can be applied to the full program. Click here for information on the complete program.

The purpose of this course is to familiarize you with the guidance in IAS 21, The Effects of Changes in Foreign Exchange Rates, on accounting for foreign currency transactions and foreign operations in the financial statements of an entity, and the translation of financial statements into a presentation currency.

Learning Objective

Upon completion of this course, you will be able to:

  • Understand how an entity determines the appropriate functional currency.
  • Understand how to report foreign currency transactions in the functional currency.
  • Evaluate the use of a presentation currency other than the functional currency.
  • Understand how to translate an entity’s results and financial position into a presentation currency.