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| Venue | Online - Microsoft Teams |
| Date | Thursday 24th October 2024 |
| Time | 09:30 - 12:30 |
| Information | In this session we will look at the following in terms of IAS 21 which deals with the effects of changes in foreign exchange rates:
A quick recap on the accounting principles dealing with functional and presentation currency and the translation of foreign transactions
A detailed analysis of the workings governing consolidated financial statements with the focus on foreign subsidiaries in terms of the following:
- Net assets at acquisition and reporting date
- Exchange difference arising on the retranslation of the foreign subsidiary
- Goodwill calculation for both the parent and the non-controlling interest
- Determination of exchange difference arising on the retranslation of goodwill
- Non -controlling interests at the reporting date
- Consolidation of reserves
- The determination of the foreign currency translation reserve
- The allocation of exchange difference between the parent and the non-controlling interest
Consider the case study based on the consolidated statement of financial position, the consolidated statement of profit or loss and other comprehensive income and the consolidated statement of changes in equity with the following adjustments and calculations:
- Goodwill, non-controlling interests and group reserves
- Allocation of exchange difference between the parent and NCI
- Intra-group sales and exchange difference arising on settlement.
- Inter-company loan and exchange difference arising on retranslation of foreign loan |
| Presenter |
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| CPD Units | 3 units on full attendance |
| Seats Left | 25 |
| Price | Rs 4000 |
| Booking Deadline | Thursday 24th October 2024 |
| Map | View Map |
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