Back to Basics – Forex and Hedging

Available from

15 March, 2021

CPD

2

Course Category:

Accounting

The aim of this session is to cover back to basics of accounting for foreign exchange. Mar 2021

R 475 VAT Incl.

Product Information

WHAT YOU WILL LEARN

By the end of this event 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.

DESCRIPTION

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 us as we take you back to the basics of forex and hedging.

PRICE

The following pricing apply:

Ad hoc: R475 for this webinar
Subscription: N/A

Study unit 1

Functional currency vs presentation currency. 

Study unit 2

How do I translate transactions? 

Study unit 3

Translation requirements for monetary and non-monetary items. 

Study unit 4

Understanding hedge accounting and accounting for hedges. 

Study unit 5

Writing the journals for forex and hedge transactions. 

REQUIREMENTS

There are no preconditions for this course.
Moderate level.
Recorded webinar made available on a specified date

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

ADDITIONAL MATERIAL

By attending this webinar, you will be provided with:
– Summarised slide presentation.
– Reference documents and / or course material where available.
– Access to a technical knowledge base.
– Recorded webinar that includes an expert presenter and participant interaction.

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