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FRS Series : Effects of Changes in Foreign Exchange Rates and Consolidation of Foreign Subsidiaries and Associates

A Practical Approach Using Excel Spreadsheets

Expert Speaker Oh Ai Sim

$460.10 (including GST)



This hands-on workshop is designed specifically to give Accountants and Finance Professionals a good grasp of the fundamentals of Reporting Foreign Currency Transactions in the Functional Currency. The Trainer will discuss and illustrate the issues related to the preparation and presentation of statement of profit & loss and other comprehensive income, statement of financial position and cash flow financial statements for groups with subsidiaries and associates.

You will get to work on practical examples and case studies using Excel Spreadsheets, and learn to prepare the consolidated financial statements (balance sheet) and the consolidated statement of profit & loss and other comprehensive income (profit or loss account) effectively.

What you’ll learn

At the end of the workshop, you will: 

  • Learn how to translate the financial statements of foreign operations 
  • Learn how to prepare foreign currency statements 
  • Learn how to arrive at and proof the exchange fluctuation reserve balance 

Programme Outline

Effects of changes in foreign exchange rates

  • Introduction 
  • Foreign currency transactions and operations
  • Reporting foreign currency transactions in the functional currency
  • Use of a presentation currency other than the functional currency
  • Translation of financial statements of foreign operations
  • Foreign associates and joint ventures

Statement of cash flows

  • Requirements in preparing the statement of cash flows
  • Foreign currency cash flows

Participants are encouraged to bring along their laptops ( equipped with Excel Spreadsheets ) for the exercises and worked examples. 

Participants without the use of laptops will be issued with hard copies of the exercises to facilitate learning.

This workshop qualifies for 7 CPE hours in Financial Reporting Standards and Pronouncements (Category 1)‚Äč

Expert Speaker

Oh Ai Sim

Ai Sim has over 20 years of audit related experience with a big four accounting firm. Her portfolio of clients includes public listed entities and multinational corporations covering the following industries: retailing, manufacturing, trading, property development and construction. She conducts training regularly on FRS and audit related topics.

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