Webinar On "IAS 21 - IFRS Effects of Changes in Foreign Exchange Rates"

An entity with foreign activities may have transactions in foreign currencies or it may have foreign operations. IN either case, IFRS permits some reporting choices. The company some may present its financial statements in a foreign currency. This session will outline how to include foreign currency transactions and foreign operations in the financial statements and how to translate financial statements into a presentation

Currency with an emphasis on which exchange rate(s) to use and how to report the effects of changes in exchange rates in the financial statements and accounting for the use of currency hedging.

1. The purpose of hedge accounting and what constitutes a hedging relationship
2. The conditions under which you can use hedge accounting
3. Anticipated purchase or sale of a commodity hedged with a forward contract
4. Anticipated transaction denominated in a foreign currency hedged with a forward contract
5. An interest-bearing asset or liability hedged with an interest rate swap
6. A foreign currency-denominated interest-bearing asset or liability hedged with a cross-currency interest rate swap
7. Financial statement presentation and disclosure requirements

• Accountants
• Accounting and Reporting and Treasury Managers
• CFO’s
• Company Executives
• Anyone involved in the IFRS compliance process

A Certified Public Accountant, business author Mike Morley is an entertaining and informative speaker and a recognized authority in the field of finance.

Mike offers various training programs, such as IFRS, SOX, and Financial Statement Analysis that focus on providing continuing education opportunities for finance and accounting professionals.

Many Fortune 500 companies take advantage of his training programs to bring their staff up to speed so that everyone understands what their responsibilities are.

 Mike is the author of several books, including:

 “IFRS Simplified”, which provides a jump start for accountants and finance executives who want to quickly and easily get up to date on IFRS.