This webinar is designed specifically to give Accountants and Finance Professionals a good grasp of the fundamentals of Reporting Foreign Currency Transactions in the Functional Currency. The Trainer will discuss and illustrate the issues related to the preparation and presentation of statement of profit & loss and other comprehensive income, statement of financial position and cash flow financial statements for groups with subsidiaries and associates.
You will get to work on practical examples and case studies, and learn to prepare the consolidated financial statements (balance sheet) and the consolidated statement of profit & loss and other comprehensive income (profit or loss account) effectively.
At the end of the webinar, you will:
Session 1 : Effects of changes in foreign exchange rates
Session 2 : Exchange translation currency reserve (ETCR) account
Acquisition of foreign subsidiaries
Acquisition of foreign associates and joint ventures
Disposal of foreign subsidiary
Session 3 : Statement of cash flows (local subsidiaries)
Cash flow effects of acquisition of local subsidiary
Cash flow effects of disposal of local subsidiary
This webinar qualifies for 7.0 CPE hours in Financial Reporting Standards and Pronouncements (Category 1).
Oh Ai Sim
Ai Sim is a qualified Accountant with over 20 years of audit related experience in a big four accounting firm. Her portfolio of clients included listed companies, multi-national companies and private entities, covering specialized industries in the technology sectors, property development and construction, retail and warehousing, manufacturing, trading and charitable organizations.
Ai Sim was involved in initial public offerings, mergers and acquisitions, due diligence and corporate restructuring.
She was also actively engaged in technical training during her audit career. She now conducts training regularly on FRS and audit related topics.