Improvement
Target audience
- Consolideurs
- Contrôleurs de gestion
- Experts comptables, Commissaires aux comptes
- Responsables financiers, consolidation et comptables
0.5 day
Virtual Classroom
IAS 29 distance learning
Prerequisites
No prior knowledge is required
Objectives
◗ Identify situations of hyperinflation.
◗ Analyze the effects of hyperinflation on the presentation and interpretation of financial statements.
◗ Apply the restatement method in accordance with IAS 29.
Training program
◗ Convert foreign currency transactions in accordance with IAS 21—excluding hyperinflation
– Functional currency and presentation currency
– Monetary and non-monetary items
– Calculation and recognition of foreign exchange differences
– Differences from French standards
✔ EVALUATE | Quiz: Monetary or non-monetary items?
✔ APPLY | Case study: Accounting for a foreign currency transaction
◗ Convert financial statements into foreign currencies in accordance with IAS 21—excluding hyperinflation
– Conversion of financial statements for consolidation purposes: calculation and recognition of the translation reserve
– Subsequentaccounting for the translation reserve
✔ PRACTICE | Case study: conversion of financial statements
✔ PRACTICE | Case study: accounting for the translation reserve
◗ The hyperinflationary nature of an economy
– Hyperinflation indices
– Impact of hyperinflation on financial statements
✔ UNDERSTANDING | List of countries experiencing or nearing hyperinflation
◗ Restatement of financial statements in a hyperinflationary economy in accordance with IAS 29
– Restatements of historical cost accounting: impacts on the balance sheet and income statement
– Gain or loss on the net monetary position
✔ UNDERSTAND | Step-by-step illustrated example with figures
✔ APPLY | Practical example of applying IAS 29
◗ Consolidating indexed accounts
– Conversion of indexed accounts to the consolidation currency
– Impact on the translation reserve
✔ UNDERSTANDING | Illustration using the published financial statements of a publicly traded group
Why choose this course?
In a hyperinflationary environment, financial statements become less economically meaningful. This training course will help you understand the key issues surrounding IAS 29, master the indexation of financial statements, and anticipate its effects on consolidation. Through real-world case studies and impact analyses, you will learn how to ensure the accuracy of your accounting processes and meet the standard’s requirements.
Teaching and assessment methods
Online training: three visual elements—a video of the facilitator, the presentation, and a virtual whiteboard; interactive quizzes; a maximum of 6 participants.
Before: self-assessment quiz.
During the session: presentation of the main principles, practical implications, examples drawn from recent financial statements. Practical case studies and interactive quizzes ensure that knowledge is acquired.
After: documentary contributions. The trainer is available at the end of the course to answer any questions relating to the training.
Price
740 € EXCL. TAX
Testimonials
IAS 29 distance learning
IAS 29 distance learning
IAS 29 distance learning
Jonathan C.
Company
Training