The course gives a detailed overview on accounting for foreign currency transactions. It explains as to how an entity accounts for the transactions which are held in foreign currency. We look at the concepts of denominated money, exchange rate quotations, exchange rates, cash flow hedge, fair value hedge etc.
This training is in line with the IFRS standards. IFRS refers to the International Financial Reporting Standards, which are designed as a common global language for business to ensure that accounts are both understandable and comparable on a global basis with a set of uniformity in them. As the international shareholding and trade are growing, there’s a dire need of reporting standards which deal with organizations on a global level.
All the concepts are explained extensively by the use of various case studies for the purpose of deep and insightful understanding.
The training includes the following:
Introduction
Denominated currency
Exchange rate Quotation
Types of Exchange rates
Forward contract
Hedging with Forward contracts
Type of Hedges
Conclusion
Currency Trading is done in Foreign Exchange Market. Currency plays an important role in every part of the world as it is required to conduct foreign trade and businesses. Through Foreign Exchange Market there are many participants who buy, sell and exchange currencies i.e. trillions of dollars. Currency Trading takes place between different countries in order to conduct smooth foreign trade transactions. In this educba’s course on Currency Trading you will be learning about Forex and Currency Trading basics, how currencies are quoted, bought and sold. Nationals buy and sell currency, you will be also learning about direct-indirect quotes, bid-offer spread, and market makers. The course will also highlight about various types of currency trading contracts i.e. cash, TOM, spot, forwards, swaps and also about how the risk is managed and how the same is defused.
Everything You Need to Know About Financial Accounting - Foreign Currency Transactions
This course is a comprehensive and well-structured introduction to Financial Accounting - Foreign Currency Transactions. The instructor, EDUCBA Bridging the Gap, is a leading expert in the field with a wealth of experience in Finance & Accounting to share.
The course is well-structured and easy to follow, and the instructor does a great job of explaining complex concepts in a clear and concise way.
The course is divided into sections, each of which covers a different aspect related to Accounting & Bookkeeping. Each module contains a series of video lectures, readings, and hands-on exercises.
The instructor does a great job of explaining each topic in a clear and concise way. He/She also provides plenty of examples and exercises to help students learn the material.
One of the things I liked most about this course is that it is very practical. The instructor focuses on teaching students the skills and knowledge they need to succeed in the real world. He/She also provides students with access to a variety of resources, including templates, checklists, and cheat sheets.
Another thing I liked about this course is that it is offered on Udemy. Udemy is a great platform for taking online courses because it offers a lot of flexibility for students. Students can choose to take courses at their own pace, and they can access the course materials from anywhere with an internet connection.
Udemy also offers a variety of payment options, so students can find a plan that works for them. The course also has a very active community forum where students can ask questions and interact with each other. The instructor is also very responsive to student questions and feedback.
Overall, I highly recommend this course to anyone who is interested in learning Financial Accounting - Foreign Currency Transactions. It is a well-organized and informative course that will teach you the skills and knowledge you need to succeed.
Got a question? We've got answers. If you have some other questions, please contact us.
To use coupons on our website, simply click on the "Take this course" button next to the course you're interested in. You will be redirected to the Udemy course page with the coupon applied automatically.
The coupons on our website can significantly reduce the price of Udemy courses, often making them very affordable or even free. However, the availability and terms of the coupons may vary.
Absolutely! We value your input and want to provide you with the courses you're interested in. If you have a specific course in mind that you'd like to see on our website, please don't hesitate to reach out to us. Simply send us the course title, and we'll do our best to contact the instructor and make it available to you.
The course may not be free on Udemy for two main reasons:Firstly, if the coupon for the course has expired, it won't be available for free or at a discounted price. Secondly, coupons often have a limited number of redemptions, and if the maximum limit has been reached, new users may not be able to enroll for free.
Yes, it's completely legal to enroll in courses using the coupons provided on our website. The coupons are offered in collaboration with instructors and are a legitimate way to access courses at discounted or free rates. However, it's essential to respect the terms and conditions set by Udemy and the course instructors.
The validity of coupons can vary from course to course. Some coupons may have a limited time frame of 4 days, while others could be available for an extended period. Be sure to check the coupon expiry details on our website.
