IAS 29 distance learning

Prerequisites

Prerequisites: no prior knowledge required.

Materials: training materials and the link to the virtual classroom are provided the day before the course.

Objectives

◗ Identifying hyperinflation situations

◗ Analyze the impact of hyperinflation on the presentation and reading of financial statements

◗ Applying the restatement method in accordance with IAS 29

Training program

◗ Converting foreign currency transactions under IAS 21 - Excluding hyperinflation

- Functional and presentation currency
- Monetary and non-monetary items
- Calculation and recognition of exchange differences
- Discrepancies with French GAAP

✔ ASSESS | Quiz: monetary or non-monetary item?
✔ APPLY | Case study: accounting for a foreign currency transaction

◗ Foreign currency translation in accordance with IAS 21 - Excluding hyperinflation

- Translation of financial statements for consolidation purposes :
calculation and recognition of the translation reserve
- Subsequent monitoring of the translation reserve

✔ APPLIQUER | Case study: translation of financial statements
✔ APPLIQUER | Case study: monitoring the translation reserve

◗ The hyperinflationary nature of an economy

- Hyperinflation indices
- Impact of hyperinflation on financial statements

✔ UNDERSTANDING | List of countries in or close to hyperinflation

◗ Restatement of financial statements in a hyperinflationary economy in accordance with IAS 29

- Restatement of historical cost accounting: impact on the balance sheet and
income statement
- Profit or loss on net monetary position

✔ UNDERSTANDING | Step-by-step illustration with figures
✔ APPLYING IAS 29 in practice

◗ Consolidating indexed accounts

- Translation of indexed accounts into group currency
- Impact on translation reserve

✔ UNDERSTANDING | Illustration via the published accounts of a listed group

Teaching and assessment methods

◗ Distance learning:
- Three visuals: video presenter, presentation, virtual flip chart
- Interactive quizzes
- 6 participants maximum

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 to ensure knowledge acquisition.

After: documentary contributions. The trainer is available at the end of the course to answer any questions relating to this distance learning course.

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Price

740 EXCLUDING VAT

Testimonials

IAS 29 distance learning

Jonathan C.
Company
Training

Generalist trainings

IAS 29 distance learning