This course covers the basics of foreign currency exchange rates, the currency market, using exchange rates for accounting and hedging, and special complicating factors related to exchange rates. The course is for individuals who want to build a foundation of the vocabulary and concepts of foreign currency exchange rates. 

Learning Objectives
  • Identify characteristics of the currency market
  • Discover how to apply foreign currency exchange rate concepts to accounting
  • Discover how to review foreign currency exchange rate concepts related to hedging
  • Identify exchange rate complications

 

 

Last updated/reviewed: August 18, 2023
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22 Reviews (82 ratings)

Reviews

3
Member's Profile
Recommend this course as a basic introduction to the concept of FX. I would have liked the presenters to dig a bit deeper on some of the topics such as providing more info about how changing FX rates are reflected within the income statement and equity in different scenarios given this was tagged as "intermediate".
5
Member's Profile
This course is a great introduction to currencies, terminology, exchange rates, and how the currency markets work. I really liked the careful, step by step explanations to introduce this rather complex business area.
5
Anonymous Author
The instructors presented the information in a helpful way. They worked well together and alternated to give examples and provide additional information as needed.
4
Anonymous Author
It is a good basic course presented in 'easy to understand' way. Supporting material is also helpful. However, there's still a room for enrichment.
5
Anonymous Author
FX transactions are not as easy to record and handle as would appear on the surface. This course explains many basic terms and activites.
5
Anonymous Author
Excellent course for those of us who don't deal with foreign exchange on a regular basis. The 2 instructors were great together.
4
Member's Profile
I thought this was helpful. I'd like to see more courses on foreign currency to expand on some of the areas discussed here.
3
Anonymous Author
The slides are a very rough overview of what they talk about. You really have to listen to the seminar to get all the info.
4
Anonymous Author
Good overview of foreign currency transactions and what to watch out for when accounting for such transactions.
3
Member's Profile
They could have had more information for an introductory level course and related material.
5
Anonymous Author
This was a good course that covered a lot of information in a short amount of time.
4
Member's Profile
It is clear and interesting to hear 2 speakers interact throughout the course
3
Anonymous Author
Not consistent with my expectation. Should consider providing more detail.
5
Anonymous Author
Outstanding overview of foreign currency measurements and risk exposure.
5
Member's Profile
A great, introductory "connect the dots" on Foreign Currency Exchange.
4
Member's Profile
The instructors were very clear and gave helpful examples. Thank you.
4
Member's Profile
The conversational style of the instructors was a great experience.
5
Anonymous Author
Great beginning FX course. Concepts and terms are well defined.
4
Anonymous Author
Good overview and introduction to currency exchange rates.
3
Member's Profile
Good content. Final exam questions were a bit unclear.
5
Member's Profile
Well laid out and easy to follow slide presentation
4
Anonymous Author
Good introduction to the foreign currency market.
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Prerequisites
Course Complexity: Intermediate

Prerequisite: Basic proficiency in accounting and corporate finance

 

Advanced Preparation: None

 

Education Provider Information
Company: Illumeo, Inc., 75 East Santa Clara St., Suite 1215, San Jose, CA 95113
Contact: For more information regarding this course, including complaint and cancellation policies, please contact our offices at (408) 400- 3993 or send an e-mail to .
Instructor for this course
  Course Overview CPE
Course Syllabus
INTRODUCTION AND OVERVIEW
  0:40PREVIEW: Introduction to Foreign Currency Exchange Rates
Foreign Currency Exchange
  Currency Market Overview15:20
  Converting Currencies 20:58
  FX Trading Rates Overview18:35
CONCLUSION
  Exchange Rate Complications 6:33
SUPPORTING MATERIALS
  Slides: Foreign Currency Exchange RatesPDF
  Foreign Currency Exchange Rates Glossary/IndexPDF
REVIEW & TEST
  REVIEW QUESTIONSquiz
 FINAL EXAMexam