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Join us for this free course on July 10, 2014
Register at http://www.mhmcpa.com
Please join us for this webinar in which our IFRS experts will talk about issues surrounding International Accounting Standard (IAS) 21: The Effects of Changes in Foreign Exchange Rates, a standard developed by the IASB to prescribe the accounting effects on a company that operates in more than one currency and reporting requirements when the operational currency of a subsidiary is different relative to that of the parent company.
We will review topics that are unique to accounting for foreign currencies under IFRS, including the determination of the functional currency, calculation of gain or loss related to changes in foreign exchange rates, and the translation of a foreign entity’s financial statements to the functional currency of the parent company for use in consolidated financial statements.