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There are 3 modules in this course
Learners will analyze foreign currency transactions, apply hedging techniques, and evaluate US GAAP requirements for complex multi-stage accounting scenarios. This course equips participants to confidently measure exchange gains and losses, implement forward contracts, assess hedge effectiveness, and interpret financial impacts across reporting periods.
By completing this course, learners gain the practical skills needed to manage real-world foreign currency exposures, enhance the accuracy of financial reporting, and strengthen decision-making in global business environments. Through step-by-step examples, hands-on calculation practice, and clear guidance on valuation and remeasurement, learners develop a strong command of foreign currency and hedge accounting principles.
What makes this course unique is its structured progression—from foundational exchange rate concepts to advanced hedge accounting under US GAAP—paired with detailed walkthroughs of real transaction scenarios. Learners not only understand the “what” but truly master the “how” behind foreign currency accounting, preparing them for professional roles in multinational organizations, finance teams, and audit environments.
This module introduces learners to the essential concepts of foreign currency transactions, exchange rate mechanics, and the impact of currency fluctuations on financial reporting. Through foundational examples, learners build the skills required to measure, record, and analyze foreign currency transactions in real-world accounting scenarios.
Fundamentals of Foreign Currency Transactions•10 minutes
Applying Core Concepts: Early Transaction Examples•10 minutes
Multi-Scenario Practice on Transaction Measurement•10 minutes
Graded - Foundations of Foreign Currency Accounting•30 minutes
Hedging Strategies and Practical Applications
Module 2•2 hours to complete
Module details
This module provides an in-depth understanding of hedging strategies used to manage foreign currency risk, including forward contracts, cash flow hedges, and firm commitment hedges. Learners explore valuation techniques, hedge effectiveness, and detailed numerical examples to master practical hedge accounting applications.
What's included
9 videos4 assignments
Show info about module content
9 videos•Total 59 minutes
Hedging•9 minutes
Hedging Continues•5 minutes
Calculate Present Value•6 minutes
Calculate Present Value Continues•4 minutes
Firm Commitment•8 minutes
Type of Hedges•7 minutes
Cash Flow Hedge•6 minutes
Working Example 6•6 minutes
Working Example 7•6 minutes
4 assignments•Total 60 minutes
Introduction to Hedging & Valuation Techniques•10 minutes
Graded - Hedging Strategies and Practical Applications•30 minutes
Advanced Applications & US GAAP Compliance
Module 3•2 hours to complete
Module details
This module focuses on advanced foreign currency accounting techniques, emphasizing US GAAP compliance, multi-stage valuation, and complex hedging examples. Learners deepen their knowledge of derivative accounting, OCI treatment, and the interaction between hedged items and hedging instruments across reporting periods.
What's included
5 videos3 assignments
Show info about module content
5 videos•Total 24 minutes
US GAAP•9 minutes
Working Example 8•3 minutes
Working Example 9•5 minutes
Working Example 10•5 minutes
Working Example 11•3 minutes
3 assignments•Total 50 minutes
US GAAP for Foreign Currency Transactions•10 minutes
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What will I get if I subscribe to this Specialization?
When you enroll in the course, you get access to all of the courses in the Specialization, and you earn a certificate when you complete the work. Your electronic Certificate will be added to your Accomplishments page - from there, you can print your Certificate or add it to your LinkedIn profile.
Is financial aid available?
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