Accounting for International Operations


International operations present an additional level of complexity for financial accounting professionals. But this seminar cuts through the maze, providing timely guidance on:

  • Dealing with the ins and outs of establishing operations in foreign countries
  • The Foreign Corrupt Practices Act (FCPA) and the increased scrutiny by the SEC and the Department of Justice
  • Accounting for foreign currency transactions and consolidating foreign subsidiaries
  • Hedging issues and the problems of accounting for derivatives



To gain a solid understanding of US GAAP rules relating to foreign operations and the practical know-how to set up foreign accounting operations in compliance with the Foreign Corrupt Practices Act (FCPA) and IFRS.

  • Accounting for foreign currency transactions
  • Preparing consolidated financial statements that include foreign subsidiaries as mandated by ASC 830 (FAS 52)
  • Determining when hedging is appropriate
  • Meeting the documentation, financial statement presentation and disclosure requirements of ASC 815 (FAS 133) and its amendments
  • Understanding FCPA requirements, including rules relating to the internal accounting control environment
  • ASC 740 (FAS 109) foreign operations problems and overview of foreign taxes
  • Specialized financial statement disclosure requirements related to foreign operations
  • How to set up a new office in a foreign country, including a handy checklist
  • An update on the work of the IASB and the US FASB
  • Sarbanes-Oxley and foreign operations

Working knowledge of US GAAP rules.
Please bring a calculator.


No advance preparation required.

Level of Knowledge: 


CPE Credit: 
NASBA Field of Study: