FAS 52 (ASC 830) & Derivatives: Unraveling the Mystery of FX Accounting


Get a clear understanding of accounting for foreign currency transactions and derivatives and discover the best way to handle them. This seminar will provide:

  • A detailed explanation of accounting for foreign currency transactions
  • A comprehensive review of ASC 830 (FAS 52) and translation/remeasurement of foreign currency denominated financial statements 
  • An overview of foreign currency hedges and related accounting treatments

To gain an in-depth understanding of accounting for foreign currency transactions, including translating financial statements, remeasuring foreign currency transactions and recording foreign currency hedging transactions. This seminar explains foreign currency derivatives, how they're used to mitigate risk and the related accounting treatment.

  • Determining the functional currency
  • Changing the functional currency
  • Accounting for foreign currency transactions
  • Translation of FX financial statements
  • Remeasurement gains and losses
  • Calculating foreign currency exposure
  • Accounting for foreign currency translation adjustment
  • Currency effects in Statement of Cash Flows
  • Highly inflationary economies
  • Intercompany accounts of foreign subsidiaries
  • Acquistitions and dispositions involving a foreign operation
  • Presentation and disclosure
  • FX futures, forwards and swaps
  • Documentation and effectiveness testing
  • Accounting for FX derivatives: cash flow, fair value and net investment hedging
  • Foreign currency disclosure requirements regarding fair value and derivatives

Basic knowledge of financial accounting and reporting.
Please bring a calculator.


No advance preparation required.

Level of Knowledge: 


CPE Credit: 
NASBA Field of Study: