Overview

Foreign currency transactions and translation are integral components of financial reporting in a globalised economy. Entities often engage in transactions denominated in foreign currencies or operate foreign subsidiaries, which brings complexities in recognition, measurement, and presentation in financial statements. Understanding the principles of IAS 21 – The Effects of Changes in Foreign Exchange Rates is therefore essential to ensure compliance, accuracy, and transparency in financial reporting.

Join Caryn Maitland CA(SA) on the 14th of November 2025 from 10:00 am to 12:00 pm as she unpacks the key principles and practical application of IAS 21. Caryn will guide attendees through the process of recording foreign currency transactions, translating financial statements of foreign operations, and accounting for exchange differences, supported by real-world examples and illustrative case studies.

Learning objectives 

Attending this webinar will equip you with the following skills:  

• Understand the core principles of IAS 21 and its application in financial reporting.
• Identify and record foreign currency transactions accurately in accordance with IFRS.
• Translate financial statements of foreign operations into the reporting currency.
• Recognise and disclose foreign exchange differences appropriately.
• Apply professional judgement when dealing with complex foreign exchange scenarios.

Content 

The webinar will cover the following topics:   

• • Introduction to IAS 21 – The Effects of Changes in Foreign Exchange Rates
  o Objectives and scope of the Standard
  o Key definitions and terminology (functional currency, presentation currency, exchange rate)
  o Overview of the principles governing foreign currency transactions and translation

  • Accounting for Foreign Currency Transactions
  o Initial recognition and subsequent measurement
  o Exchange differences and their treatment in profit or loss
  o Monetary vs non-monetary items – key distinctions and implications
  o Practical examples and common pitfalls in practice

  • Translation of Financial Statements of Foreign Operations
  o Determining the functional and presentation currency
  o Translation methods and consolidation considerations
  o Recognition of translation differences in Other Comprehensive Income (OCI)
  o Reclassification and disposal of foreign operations

  • Disclosure Requirements and Practical Considerations
  o Required disclosures under IAS 21
  o Common audit findings and review considerations
  o Practical insights and illustrative examples

Obtaining your CPD certificate 

This training is compliant with the International Education Standard (IES7) issued by the International Federation of Accountants and recognised for CPD by relevant professional bodies including ACCA, CIMA, IAC, IIA, SAICA and SAIPA. 

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. She 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.  Caryn is also involved with the annual SAICA SMP Technical tour. 

Who should attend? 

The following persons will benefit from attending this webinar: 

• Registered auditors. 

• Practising accountants including: CA(SA), Professional Accountant (SA), AGA(SA), FCCA, BAP(SA), BA(SA) and ACCA. 

• Independent reviewers. 

• Trainee accountants. 

Price 

• R 450.00 - Online admission - Individual. 

• Group Price 1 - From R337 per person (up to 5 users)   

• Group Price 2 - From R260 per person (up to 10 users)   

• Group Price 3 - From R224 per person (over 11 users)  

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. 

Corporate training solutions 

At SA Accounting Academy, we recognise the evolving needs of businesses in today's dynamic environment. Beyond our standard webinar offerings, we provide tailored corporate training solutions designed to empower your team with the latest in accounting and professional skills. Whether you're looking for online sessions or face-to-face training, our programs are crafted to ensure a comprehensive and engaging learning experience.  

Drawing inspiration from modern training methodologies, our corporate solutions are interactive, adaptable, and focused on real-world applications. We prioritise hands-on learning, ensuring your team can immediately apply their newfound knowledge in practical scenarios.  

Interested in a bespoke corporate training experience? Reach out to us at [email protected] or call 010 593 0466. Together, let's design a training program that elevates your team's capabilities and aligns with your organisational goals.  

Contact us   

Have any questions or need any assistance? Contact us today!   

• Online chat through our website.   

• WhatsApp: Start chatting (+27635026114)   

• Phone: 010 593 0466   

• E-mail: [email protected]