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With worldwide trade growing year on year, the need to account for the impact of multiple currencies is becoming common place for many.

This course provides a structured approach to accounting for foreign currencies under IFRS, covering key principles and practical challenges.

Topics include determining functional currency, translating transactions and financial statements, converting to presentation currency, and accounting for hyperinflation and foreign operation disposals.

The course also addresses disclosure requirements and cash flow impacts.

By the end, you will have a clear understanding of IFRS requirements and how to reflect transactions, balances and arrangements in different currencies in the financial statements.

This on-demand course takes approximately 1 hour to complete and may contribute up to 1 hour of verifiable CPD if you can demonstrate its relevance to your role.

Start today and complete it at your own pace.