23 Oct 2024 HKAS21: Accounting and Consolidation of Foreign Operations - Unveiling the Effects of Changes in Foreign Exchange Rates
Aug 28, 2024
HKAS21 The Effects of Changes in Foreign Exchange Rates outlines how to account for foreign currency operations and how to translate financial statements into a presentation currency.
In this webinar, the speaker will delve into the intricacies of foreign operation accounting and the profound effects of exchange rate changes. Building on the guidelines outlined in HKAS21, the speaker will explore key considerations and practical examples to help you navigate and optimize financial reporting for foreign operations. The following areas will be examined by using a number of illustrative examples:
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Factors to consider in determining a functional currency
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Minor amendment to HKAS 21 relating to net investment in foreign operation
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Treatment of goodwill and its related exchange difference in a foreign subsidiary
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Consolidated cash flow statement of a foreign subsidiary
SPEAKER: Eunice Chu
Eunice is the founder of EC Training and Advisory Ltd and Eunice Chu CPA & Co, which delivers professional training and advisory services to the accounting community through ACCA, the Society of Chinese Accountants and Auditors (SCAA), the Association of Women Accountants (Hong Kong) Limited (AWAHK), the Shanghai National Accounting Institute, the government of Macao and Hong Kong. She also maintains an online education platform http://learning.eunicechu.com. Currently, she is a Senior Lecturer at Kaplan Hong Kong. She is also a Committee Member of ACCA Hong Kong, a Council member of AWAHK, the Co-Chairman of the Professional Development Committee of AWAHK, a member of the Training Committee of SCAA and the Hong Kong Association of Professional Accountants (HKAPA).
Prior to that, Eunice was the Head of Policy of ACCA Hong Kong, and Regional Finance Director of the Asia Pacific Region of Sony Music Asia Inc. and Revlon Inc. She had also worked as an auditor at PricewaterhouseCoopers.
