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Foreign Currency Accounting and Exchange Differences

Many African businesses buy, sell and borrow in foreign currency while reporting in their local currency, which exposes them to gains and losses that confuse managers and auditors. This course demystifies foreign currency accounting, from recording transactions to translating balances and disclosing exchange differences. Participants gain the confidence to account correctly for imports, exports and foreign loans and to explain currency effects to decision makers.

What you will be able to do

  • Distinguish between transaction, translation and economic currency exposure.
  • Record foreign currency purchases, sales and loans at the correct rates.
  • Translate monetary and non monetary balances at reporting dates.
  • Calculate and account for realised and unrealised exchange differences.
  • Disclose foreign currency effects clearly in the financial statements.
  • Explain currency gains and losses to non financial managers.

Course outline

  1. 01Types of Foreign Currency Exposure
  2. 02Recording Foreign Currency Transactions
  3. 03Spot, Forward and Average Rates
  4. 04Translating Balances at Reporting Dates
  5. 05Realised and Unrealised Exchange Differences
  6. 06Disclosure and Presentation Requirements
  7. 07Communicating Currency Effects to Management

Who should attend

Financial accountants, bookkeepers and finance managers in organisations that trade or borrow in foreign currency.

Dates, venues and fees

DatesVenueDaysFeeCalendar
17 to 19 Aug 2026Nairobi3US$1,500
24 to 26 Aug 2026Durban3R13,000
31 Aug to 2 Sep 2026Johannesburg3R13,000
14 to 16 Sep 2026Mauritius3US$1,500
21 to 23 Sep 2026Dubai3US$1,500
28 to 30 Sep 2026Lagos3US$1,500
5 to 7 Oct 2026Harare3US$1,500
12 to 14 Oct 2026Kampala3US$1,500
19 to 21 Oct 2026Dar es Salaam3US$1,500
26 to 28 Oct 2026Pretoria3R13,000
2 to 4 Nov 2026Cape Town3R13,000
16 to 18 Nov 2026Online3US$900
23 to 25 Nov 2026Mozambique3US$1,500
30 Nov to 2 Dec 2026Cairo3US$1,500
7 to 9 Dec 2026Accra3US$1,500
14 to 16 Dec 2026Lusaka3US$1,500
21 to 23 Dec 2026Kigali3US$1,500

Fees are per delegate. South African venues are priced in rand; other locations and online in US dollars. Fees exclude 15% VAT where applicable. Group bookings of three or more delegates from the same organisation qualify for a reduced rate; contact us for a quotation.

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