JUMOQ Learning · Foreign Currency & Inflation

Applying Ind AS 29 - First Application, Consolidation, Foreign Operations and Cessation

Apply and document First Application, Consolidation, Foreign Operations and Cessation. The course covers First-period application and the Ind AS 29 Appendix A restatement approach; Subsidiaries using the same hyperinflationary functional currency; Hyperinflationary foreign operations and Ind AS 21 translation; Foreign operation first becomes hyperinflationary and comparatives; Cumulative exchange differences and presentation through original lessons, assessments, governed activities, formula-driven restatement packs and evidence-led controls.

INDAS29-I04Intermediate

Course director: Venkata Subramani Ramachandra

3 hr 22 minFull study estimate

Full study estimate: 3 hr 22 min

Self-paced estimates for one pass through the course. Practical work includes activities, assignments and resource study. Your pace may vary; breaks and repeat attempts are extra. All course and certificate requirements still apply.

Inside this course

Select a topic to see its lessons, videos, practice activities and resources.

First-period application and the Ind AS 29 Appendix A restatement approach

LessonFirst-period application and the Ind AS 29 Appendix A restatement approach
VideoFirst Application and the Ind AS 29 Appendix A Restatement Approach
QuizLesson 1 knowledge check
Decision MissionDecision Mission - select and justify the hyperinflation pathway

Subsidiaries using the same hyperinflationary functional currency

LessonSubsidiaries using the same hyperinflationary functional currency
VideoConsolidate Entities in the Same Hyperinflationary Currency
QuizLesson 2 knowledge check
Case QuestCase Quest - investigate the index, balances and group evidence

Hyperinflationary foreign operations and Ind AS 21 translation

LessonHyperinflationary foreign operations and Ind AS 21 translation
VideoRestate Then Translate a Hyperinflationary Foreign Operation
QuizLesson 3 knowledge check
Impact SimulatorImpact Simulator - test index and monetary-position assumptions

Foreign operation first becomes hyperinflationary and comparatives

LessonForeign operation first becomes hyperinflationary and comparatives
VideoExchange Differences and Cessation of Hyperinflation
QuizLesson 4 knowledge check
Practice LabPractice Lab - complete the Ind AS 29 restatement workflow

Cumulative exchange differences and presentation

LessonCumulative exchange differences and presentation
QuizLesson 5 knowledge check

Cessation of hyperinflation and subsequent carrying amounts

LessonCessation of hyperinflation and subsequent carrying amounts
QuizLesson 6 knowledge check
AssignmentTechnical assignment - hyperinflation accounting paper and workings
Downloadable resourceFirst-application, Consolidation and Translation Pack
Downloadable resourceInd AS 29 Standard Map, Assessment and Restatement Checklist

Final Assessment

QuizApplying Ind AS 29 - First Application, Consolidation, Foreign Operations and Cessation - Final Assessment

Certificate

CertificateCertificate of completionUnlocks after every quiz is completed at its required pass mark and all course requirements are complete.

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