W.R. Grace – Accounting for International Operations
Description
This course provides an accounting and managerial perspective on the complex financial reporting issues which can arise when conducting foreign operations or engaging in foreign currency transactions. It offers an in-depth treatment, through discussion of principles and numerous illustrative case studies, of virtually all aspects of controlling and reporting the results of international operations. (Available in 4 – 12 hour format)
Learning Objectives
Gain an understanding of the drivers of economic exposure to foreign exchange fluctuations (at both the subsidiary and financial instruments level)
Gain an understanding of how the determination of a subsidiary’s functional currency affects the financial reporting
Recognizing the principles underlying the accounting for international operations — and when key rules make exceptions to the principles
Major Topics
Key differences between economic and accounting exposure to foreign exchange rate movements
Overview of Topic 830 – Foreign Currency Matters and Key Details
How the choice of functional currency affects accounting systems design and reported financial results
Foreign currency derivatives and hedges
Comprehensive case studies and spreadsheet examples that can be adapted to a company’s own operations
Key differences between U.S. GAAP and International Financial Reporting Standards
Provider
Business Learning Institute
Course Level
Intermediate
Professional Area of Focus
Business & Industry
CPE Field of Study
Accounting
4.0
Who Should Attend
Accountants and finance professionals that expect to be dealing with foreign operations
Instructor(s)
Thomas Selling
Prerequisites
Experience conducting foreign operations or engaging in foreign currency transactions
