ASC 830 Foreign Currency Reporting: Remeasurement, Translation, and Consolidated Financial Statements
Recording of a 110-minute CPE webinar with Q&A
This course will explain remeasuring accounting records into an entity's functional currency, translating financial statements into the reporting currency, and consolidating financial statements for entities engaged in operations transacted in foreign currencies. Our panel of ASC 830 experts will explain how to record foreign exchange rate differences and provide best practices for presentation and disclosure of foreign currency matters.
Outline
- Identifying an entity's currency(ies)
- Remeasurement
- Translation
- Consolidated financial statements
- Unique reporting considerations
Benefits
The panel will review these and other key issues:
- How is an entity's functional currency identified?
- How are foreign currency gains and losses calculated and reported?
- What are the necessary steps in translating a foreign entity's financial statements?
- How does the reporting of certain intercompany transactions and hedge transactions differ from reporting other foreign currency transactions?
- What are the required disclosures under ASC 830?
Faculty
Tara Endy
Principal
BDO USA
Ms. Endy has over 20 years of experience in accounting, auditing, and financial reporting. She assists clients with... | Read More
Ms. Endy has over 20 years of experience in accounting, auditing, and financial reporting. She assists clients with documentation surrounding technical areas, including revenue recognition, leases, foreign currency, stock-based compensation, business combinations and complex financial transactions. Ms. Endy also provides client support surrounding accounting policies and procedures, account reconciliations, preparation of financial statements and SEC filings, budgeting and forecasting, and internal controls.
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Mohammad Hasham, CPA, CA, CMA
Senior Manager, Technical Accounting
BDO USA
Mr. Hasham has more than 11 years of financial leadership, accounting advisory and audit experience. His work includes... | Read More
Mr. Hasham has more than 11 years of financial leadership, accounting advisory and audit experience. His work includes ASC 606 implementation, SEC reporting - 10Q/10K, revenue recognition SAP implementation, Oracle implementation, equity compensation, large company audits, including public and private companies, and Sarbanes Oxley (SOX) testing. Industries Mr. Hasham works with include software, semiconductors and security, online gaming, mobile and professional services, distribution services, manufacturing, professional services.
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