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Consolidating Foreign Subsidiaries

  • CMA
  • CPA (US)
  • CVA
  • CFA
Consolidating Foreign Subsidiaries CPE Course

1.5 Credits


Subject Area


Webinar Qualifies For

1.5 CPE credit of Accounting for all CPAs

1.5 CPE credit for Certified Management Accountants (CMA)

1.5 PL credit for Chartered Financial Analyst (CFAs)

1.5 CPD credit (Verifiable) for CPA/ABV

1.5 CPD credit (Verifiable) for Certified Valuation Analyst (CVA)

1.5 General Educational credit for Tax Professionals / Bookkeepers / Accountants

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This Course is Also Available in Self Study (On-Demand)

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Course Description

The world is becoming more interconnected due to non-stop advances in communication and transportation technologies, facilitating cross-border investment and equity capital flows.

The concept of foreign direct investment (FDI), which is defined as an investment in controlling ownership in a business in one country by an entity based in another country, becomes a cornerstone in today's global economic system.

Accordingly, the number of businesses that have operations in multiple countries has increased significantly, and the fair presentation of foreign subsidiaries' financial statements to the parent entity's stakeholders is needed.

The main obstacle facing consolidating a foreign subsidiary's financial statements is that the subsidiary's financial statements are presented in a different currency from their parent's presentation currency.

This online Accounting CPE webinar for CPAs course explains and illustrates the following:

  • Accounting processes for translating foreign subsidiaries' financial statements step-by-step, 
  • Consolidation criteria
  • Types of financial statements currencies
  • Proper accounting treatment for the resulting translation gain/(loss)
  • The currencies of hyperinflationary economies

This online continuing education course uses practical cases and examples that simplify the theory behind US GAAP standard ASC Subtopic 830-30 "Translation of financial statements" and IFRS standard IAS 21 "The Effects of Changes in Foreign Exchange Rates," highlighting the main differences between them.

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Learning Objectives

  • To identify consolidation criteria.
  • To examine the process of translating subsidiaries' foreign currencies.
  • To study the accounting processes for translating the currencies of hyperinflationary economies.
  • To recognize the differences between US GAAP and IFRS in consolidating foreign subsidiaries.

Who Should Attend?

  • Accountant
  • Accounting Firm
  • Accounting Managers
  • Accounts Director
  • Bookkeepers & Accountants & Tax Preparers
  • CEO
  • Certified Management Accountant
  • Certified Valuation Analysts
  • CFO/Controller
  • Chief Accounting Officer
  • Compliance Managers
  • CPA (Industry)
  • CPA - Mid Size Firm
  • CPA - Small Firm
  • Director of Accounting
  • Director of Financial Reporting
  • Finanical Analyst
  • Young CPA