This is the introductory video to our self-study eLearning course “Unlocking the Puzzle of Accounting for Foreign Currency.” Check it out here: https://revolution.gaapdynamics.com/courses/unlocking-the-puzzle-of-accounting-for-foreign-currency-v2
Accounting for foreign currency is foreign to many people. It’s easy to see why. It’s confusing! It raises questions such as:
-How do you read foreign exchange rates?
-Should you divide or multiply the rate by the amount of foreign currency?
-What’s the difference between the reporting currency, foreign currency, and functional currency?
-Where are gains and losses recorded? P&L? OCI?
Given the recent volatility in foreign currency markets, there is a renewed focus on the accounting for foreign currency under ASC 830. From foreign currency transactions to translation of financial statements, check out this self-study eLearning module to make sure you’re covered!
Read some of our blog posts about Foreign Currency:
https://www.gaapdynamics.com/insights/blog/2018/03/20/unlocking-the-puzzle-of-accounting-for-foreign-currency/
https://www.gaapdynamics.com/insights/blog/2016/08/02/dive-into-asc-topic-830-(fas-52)-to-better-understand-foreign-currency-translation/
Learn more about GAAP Dynamics: https://www.gaapdynamics.com/
Check out our other online courses on the Revolution: https://revolution.gaapdynamics.com/catalog
Subscribe to GAAP Dynamics to see more videos like these!