Section outline

  • Aim of the topic

    This unit aims to equip students with skills necessary for reporting the investments in entities outside the country whose operational currency economically impacts the investing company’s financial performance

    Learning outcomes of the topic

    At the end of this topic, you will be able to:

    1. Understand the concepts and rules of translation of foreign currency transactions and operations;

    2. Apply the translation of foreign currency transactions and the steps involved in consolidating a foreign operation;

    3. Prepare the financial statements including foreign currency transactions and foreign operation and discuss their impact.

    What should students do?

    E-tivity 2.1. ; E-tivity 2.2. E-tivity 2.3.