Overview   

Foreign exchange is becoming an everyday occurrence for almost every business. This is due to the world getting smaller and trading across borders becoming a lot easier. Accountants dealing with foreign exchange in their businesses or in the businesses of their clients must know how to deal with these transactions correctly. 

Are you confident that you are recording forex transactions properly, and are you accounting correctly for FECs and hedging related to such transactions? 

Join Caryn Maitland CA(SA) on 12 March 2021 from 9:00 a.m. to 11:00 a.m. as she takes you back to the basics of forex and hedging.  

Learning objectives  

By the end of this webinar the attendee should: 

• Understand the difference between presentation and functional currency; 

• Understand when and how foreign transactions should be translated; 

• Understand the requirements for hedge accounting; 

• Understand when and how hedge transactions should be translated; and  

• Be able to confidently account for transactions involving forex. 

Content 

The webinar will cover the following topics:  

• Functional currency vs presentation currency. 

• How do I translate transactions? 

• Translation requirements for monetary and non-monetary items. 

• Understanding hedge accounting and accounting for hedges. 

• Writing the journals for forex and hedge transactions. 

Obtaining your CPD certificate 

This webinar qualifies for 2 CPD hours with your professional body including: ACCA, SAICA, AAT, SAIPA, SAIBA, IAC, CIS, ICBA, LSSA, FPI, and the IBA. The SAAA CPD policy is compliant with IFAC IES7 and is recognised by all relevant professional bodies. 

All attendees are issued with a CPD certificate available in an online profile. 

About the presenter 

Caryn Maitland CA(SA) 

Caryn Maitland is a Chartered Accountant (SA). She has been a member of IRBA as a registered auditor and accountant since 2002 and is also a registered member of SAICA. 

Caryn has lectured Auditing and Accounting at various institutions and has conducted independent workshops and seminars for professional accountants since 2006 on various topics.  

Caryn has presented on the national tour for the annual Legislation Update with ProBeta Training (Pty) Ltd in 2014 and 2015, as well as on the FASSET national tour for the Tax Administration Act in 2014.  She is also involved with the annual SAICA SMP Technical tour. 

Who should attend? 

The following persons will benefit from attending this webinar: 

• Professional Accountants including: RA(SA), CA(SA), PA(SA) and BAP(SA); 

• Accounting officers; and  

• Bookkeepers;  

Price              

• R 475.00 - Online admission - Individual. 

• R 950.00 - Online admission - Company. 

Steps to register for the event:  

If you already have a profile, login and register for the webinar. 

If you don’t have a profile, create a free profile then login and register for the webinar. 

Click here to create a free profile (There is no charge to create a profile and gain access to our free Monthly Practice Management Series). 

Click here to find out about the Technical Resource Centre & CPD Subscription options. 

Additional material 

By attending this webinar you will be provided with: 

• A summarised slide presentation. 

• Reference documents and/or course material where available. 

• You can ask questions during the webinar and you will also have access to the presenter after the webinar.