Back to basics forex and hedging
Presenters : Caryn Maitland CA(SA)
Learning objectives
By the end of this webinar the attendee should:
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Understand the difference between presentation and functional currency;
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Understand when and how foreign transactions should be translated;
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Understand the requirements for hedge accounting;
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Understand when and how hedge transactions should be translated; and
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Be able to confidently account for transactions involving forex.
Content
The webinar will cover the following topics:
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Functional currency vs presentation currency.
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How do I translate transactions?
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Translation requirements for monetary and non-monetary items.
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Understanding hedge accounting and accounting for hedges.
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Writing the journals for forex and hedge transactions.
