Earn CPE Credits Online with Our Top-Rated Courses
Welcome! Earn CPE credits online with this top-rated, accredited course focused on QuickBooks Online’s powerful multi-currency feature. Whether you manage international clients, track foreign currency balances, or reconcile exchange rate gains and losses, this course gives you the skills you need. Designed for CPAs and accounting professionals, it offers hands-on training in global financial workflows — all while satisfying your continuing education requirements in a flexible, engaging format.
How to Record, Adjust, and Report Multi-Currency Transactions in QuickBooks Online
Accounting Standards Codification #830 tells all about how to record and report (and adjust for) international transactions when companies need to account for more than 1 currency. As an accountant in a world that has ever increasing number of international transactions, your clients will expect YOU to be the one to know how to record and report all transactions with those who use a different currency from your client.
At this point, will will eventually need the knowledge of recording, managing/adjusting and reporting these issues and therefore, it would help all accountints to completely understand A.S.C. 830; that’s really what this video seried is all about!!
You must also know how to use accounting software to do these things to make sure your clients have everything in accordance with A.S.C. 830 and make sure you cover all the necessary procedures to accomplish this. That’s what this course is all about.
The example software we use, logically, should be the most common and popular software for accounting for multi-currency companies, QuickBooks Online. You will see how the specific items and terms and required actions from ASC 830 “Map” directly to each part and each action you see us demonstrate in QuickBooks Online.
You will be an expert in using the QuickBooks Online software for managing multi-currency transactions, adjustments and reporting requirements. These ideas can be applied to ANY ACCOUNTING SOFTWARE but the example one we use is the most common and popular accounting software, QuickBooks Online.
There are important discussions of the relationship between what you see in practical terms in the software, and the terms and mandates of ASC 830; so it will be as clear as possible what we are doing and why. You will be more and more likely to need this. An expert level of A.S.C 830 helps you, your clienst and everyone AND you will love the clear explanations about those ideas and how they are applid in practical terms. Even non-accountants will understand these advanced accounting ideas (some of them anyway) if they take this course.
-Mark
Addressing Specialized Knowledge, Advisory Services, and Auditing in Multi-Currency Accounting
- Advisory services
This course equips you with specialized knowledge to advise clients on handling multi-currency transactions within QuickBooks Online. As a trusted advisor, you’ll be able to guide businesses through complex currency conversions, ensure accurate reporting, and help them understand the financial impact of global transactions. By mastering these skills, you add significant value to your advisory services, making you the go-to expert for clients with international operations.
- Specialized knowledge and applications related to specialized industries
Accountants will learn about the way international law requires transactions work and exactly how to display them with the proper amount and type of gain or loss on any company’s financial statements
- Accounting And Bookkeeping
I will even tell you each pat and citation from A.S.C. 830 that applies to the practical software application you are seeiing in each section. So Master all you need form the Generally Accpted Accounting Pricnipals expoalined here and enjoy following along step-by step with practical expamples of literlaly everything you will need as an accountnat to handle any multi-currency type of ransaction or siutatoion!!
HIGHLIGHTS FROM THE COURSE:
AN OVERVIEW OF THE RULES OF MULTI-CURRENCY RECORDS AND TRANSACTIONS
“REMEASURE” WIT A “HOME CURRENCY ADJUSTEMENT”
ADJUSTING FOR REPORTING CONSOLIDATED STATEMENTS IN DIFFERENT CURRENCY