This self-study CPE course offers a deep dive into the crucial aspects of translating financial statements from foreign currencies into U.S. dollars, a skill increasingly vital in our globalized economy. It features detailed discussions on the accounting and reporting of foreign currency transactions, the use and impact of forward contracts, and the tax implications of these dealings. Participants will benefit from learning how to identify risks associated with foreign currency and exchange rates, determine a company's functional currency, and understand the reporting requirements for various foreign currency transactions. The online CPE course also clarifies the objectives and requirements for remeasurement and translation, including the necessary footnote disclosures for comprehensively understanding a company's overseas financial exposure. This online self-study CPE course is an invaluable asset for finance professionals, enhancing their ability to navigate the complexities of foreign currency in the accounting realm.