- IFRS consolidation - Accounting production: How to produce IFRS consolidated financial statements
- Financial statements and appendices - Balance sheet, income statement, cash flow statement, statement of changes in equity, ICOs, appendices
- Financial instruments and hedging tools - Learn about financial instruments and hedging tools (fair value hedge / cash flow hedge, hedging, credit derivatives, hybrid debt).
- IFRS - International Financial Reporting Standards (IFRS)
- Consolidation scope - Consolidation scope - First-time consolidation - Goodwill - Minority interests
Mastering a complex environment
Target audience
- Financial managers and controllers
- Chartered accountants, statutory auditors
- Finance, consolidation and accounting managers
2 day
Prerequisites
It is recommended that you have a thorough understanding of the processes involved in drawing up consolidated financial statements, for example by having attended the training course "Consolidation techniques under IFRS - Principles and methods"[FHCIFR].
IFRS consolidation techniques - Principles and methods [FHCIFR].
Understanding and implementing
Objectives
◗ Identify the different types of foreign currency transactions in a consolidated context
◗ Accounting for foreign currency transactions under IFRS
◗ Translate subsidiaries' financial statements into foreign currencies to monitor translation reserves
◗ Solving conversion problems in the cash flow statement
◗ Dealing with situations of hyperinflation
Training program
◗ Definitions and general principles of IAS21
- Functional and presentation currency
- Monetary and non-monetary items
- Exchange differences on foreign currency transactions and financial statements
✔ ASSESS | Quiz: monetary or non-monetary?
✔ APPLY | Case study: accounting for foreign currency transactions
◗ Accounting for foreign currency securities
Exchange differences on equity and debt instruments
- Net investment in a foreign operation
✔ APPLIQUER | Case study: accounting for foreign currency financial instruments
◗ Analyze and process exchange rate differences on internal operations
- Intra-group reconciliations
- Dividend distributions and capital increases
✔ UNDERSTANDING | Checklist for reconciling internal foreign exchange transactions
✔ APPLY | Case study: dividends and internal profits in foreign currencies
◗ Covering foreign exchange transactions
- The different types of hedge accounting
- Impact on the income statement and OCI
- Hedging of net foreign investments (NIH)
✔ ASSESS | Quiz: Cash Flow Hedge or Fair Value Hedge?
✔ APPLY | Case study: hedging a commodity purchase in foreign currencies
◗ Calculate, monitor and validate the conversion reserve
- Translation of financial statements of subsidiaries denominated in foreign currencies
- Recycling the translation reserve to net income
- Translation reserve and changes in scope of consolidation
✔APPLIQUER | Case study: conversion of financial statements - Disposal of a foreign subsidiary
◗ Checking the impact on the cash flow statement
- Flux conversion
- Conversion flow balancing
✔ APPLIQUER | Case study: conversion reserve and TFT impact
◗ Applying IAS29 to hyperinflation situations
- Restatement methodology
- Impact on consolidation currency translation
✔ APPLIQUER | Illustration of IAS 29 restatements by stage
Why choose this course?
Foreign currencies create a number of difficulties when accounting for transactions in consolidation. A good understanding of the rules and mechanisms involved in foreign currency translation will enable you to master the processes required to finalize the impact of your consolidation tools. This training course suggests ways of optimizing or auditing the impact on both shareholders' equity and the cash flow statement.
Teaching and assessment methods
Before : self-assessment quiz
During the session: each point covered is accompanied by practical examples and published financial statements. Practical case studies (including accounting diagrams), interactive quizzes and discussions during the session ensure that knowledge is acquired.
Afterwards : documentation.
The trainer is available to answer any questions relating to the training.
General training | FinHarmony Conseil & Formation
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Price
2,250 EXCL. TAX
Testimonials
foreign currency transactions
foreign currency transactions
foreign currency transactions
Jonathan C.
Company
Training