Announcements

Accounting for Foreign Operations

Multinational companies face the challenging task of consolidating and reporting their foreign operations.

This seminar provides financial accounting professionals of multinational business with in-depth knowledge about the requirements of the accounting rules related to foreign currency transactions and foreign subsidiary consolidations. It also provides critical insights into practical issues businesses with an international presence face in implementing the rules. Participants will come away better prepared to manage the complexities of all aspects of accounting for foreign operations.

COURSE PREREQUISITES:

  • A laptop with Excel 2007 or above is required to build models.
  • A working knowledge of Excel is required (advanced knowledge of Excel, such as macros, is not needed).


Venue and Hotel Details

Agenda

  • Foreign Currency Transactions
  • Determining the Functional Currency
  • Translations under the Current Rate Method
  • Remeasurements under the Temporal Method
  • Inter-company Transactions and Consolidations
  • Statement of Cash Flows and Foreign Operations
  • Accounting for Foreign Taxes using ASC 740-30

Program Details

Prerequisite:   None
Preparation:   None
Level of Knowledge:   Intermediate
Field of Study:   Accounting
Delivery Method:   Group Live, Instructor-Led Course

Course Leader

Dan Gode, Co-founder, Almaris E-Learning Systems.

Course Testimonials

“Dan Gode was phenomenal. He was very engaging and provided real-life examples to further illustrate the topics, which added value. I will try to attend other classes he teaches in the future and will recommend his classes to others.” - CFO, Leading Logistics Provider


* Discounts cannot be combined and must be applied at time of initial registration.

** Tuition price includes daily breakfast, lunch, and morning and afternoon refreshments.

If you have previously attended this course, you may not be eligible for CPE credits. Please contact KPMG Executive Education to confirm your eligibility.