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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

    MQA Approval in Process
  • Presenter
    CPD Units 3 units on full attendance
    Seats Left 10
    Price Rs 4500
    Booking Deadline Tuesday 17th September 2024
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