CPA Australia


18:30 - 21:30


Wan Chai

Course Fee


CPD Hour


This workshop provides you a detailed overview of HKAS 21 The Effects of Changes in Foreign Exchange Rates. HKAS 21 provides guidance on the translation method and on determining the functional and presentation currencies. An entity is required to translate its results and financial position from its functional currency into a presentation currency (or currencies) using the method required for translating a foreign operation for inclusion in the reporting entity’s financial statements.

Learning Objectives:
• Discuss the concept of local currency, functional currency, and presentation currency
• Explain the accounting treatment of foreign currency transactions
• Identify the procedures for consolidating the financial statements of foreign subsidiaries
• Recognise the effects on foreign exchange on disposal of foreign operations


Speaker : Kamsuo Wong MA, LLM, MBA, FCPA(Aust.)

CPD Credit Hour : 3.00 Hours

Fee : CPA Australia Member: HK$450 | Non-member: HK$750

More Info :