UK GAAP - Foreign Currency Translation
An in-depth look at the requirements of Section 30 that sets out how an entity determines its functional currency and how to represent transactions in foreign currencies in its financial statements.
This course covers:
- Scope and Definitions
- Functional Currency
- Translation of Foreign Currency Transactions
- Translation to a Presentation Currency
- Translation of a Foreign Operation
- Net Investment in a Foreign Operation
- Statement of Cashflows (Section 7) – Impact of Foreign Currency
- Foreign Currency Transactions and Advance Consideration
This module is part of the UK GAAP Library or can be booked as an individual course. To book the full library click here.

Flexible solutions
We offer a range of solutions to meet your training needs. To discuss your memberships or bespoke packages needs contact us on 0330 058 7141 or email us.