Accounting for Foreign Operations

KPMG Executive Education

What are the topics?

KPMG Executive Education

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About the course

This seminar provides in-depth coverage of accounting for foreign currency transactions, remeasurements, and translations per FASB ASC 830. Although the standard is not new, it continues to present conceptual and practical challenges. Therefore, the seminar goes beyond a mere description of the technical requirements by explaining the underlying concepts and their rationale via practical hands-on spreadsheets that participants use in the seminar. The elimination of tedious computations frees up time to discuss practical implementation issues and how the standard affects interpretation of financial statements by users.

Agenda

  • An overview of the concepts underlying the five-step process used to account for foreign currency transactions, remeasurements, and translations
  • Determining the functional currency
  • Translations under the current rate method
  • Remeasurements under the temporal method
  • Foreign currency transactions
  • Intercompany transactions and consolidations
  • Statement of cash flows and foreign operations

Experts

Dan Gode

Dan is the founder of Almaris Consulting and Training. He brings in 25 years of extensive experience in consulting and training in accounting, financial statement analysis, business drivers, modeling. valuation, and credit risk analysis. He has worked with over numerous corporations, investment b...

Videos and materials

Accounting for Foreign Operations at KPMG Executive Education

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Disclaimer

Coursalytics is an independent platform to find, compare, and book executive courses. Coursalytics is not endorsed by, sponsored by, or otherwise affiliated with any business school or university.

Full disclaimer.

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