Back to basics forex and hedging
Presenters : Caryn Maitland CA(SA)
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.
Related Webinars
IFRS for SMEs Section 12 – Other Financial Instrument Issues and IFRS for SMEs Section 22 – Liabilities and Equity