Accounting for Foreign Currency 2014a (1/5)

This is a recording of a lecture presented on the 1st of May, 2014. It provides an overview of accounting for changes in foreign exchange rates as required by AASB 121 Effects of Changes in Foreign Exchange Rates. It also covers three practical examples - how to account for a foreign currency transaction involving a monetary item; how to account for a foreign currency transaction involving a non-monetary item; and a foreign currency translation.

Comments

1. thanks for putting these lectures online !!! great explanation !!