Accounting for foreign currency denominated transactions under IAS 21 and IFRIC 22 Venue Hennessy Park Hotel Ebene Date Tuesday 17th September 2024 Time 09:30 - 12:30 Information In this session we will focus on the requirements of IAS 21—The Effects of Changes in Foreign Exchange Rates and IFRIC 22 – Foreign Currency Transactions and Advance Consideration in terms of the following: Objectives scope and definitions. The determination of an entity’s functional currency. The reporting of foreign currency transactions in the entity’s functional currency. The use of a presentation currency other than the functional currency. monetary and non-monetary items. Dual rates suspension of rates and lack of exchangeability. Examination of the rates to be used for the purpose of translating the elements of financial statements. Dividends from a foreign subsidiary A detailed examination of the determination of the exchange difference arising on the retranslation of a foreign subsidiary or operation Disposal or partial disposal of a foreign operation. Issues considered by IFRIC 22 Presenter Sanat Bheeroo CPD Units 3 units on full attendance Seats Left 8 Price Rs 4500 Booking Deadline Tuesday 17th September 2024 Map View Map