Hedge of Foreign Currency| Forward Contract | Advanced Accounting CPA Exam FAR

Describe a forward exchange contract. A forward exchange contract is an agreement to exchange currencies of two different countries at a specified rate (the forward rate) on a stipulated future date. At the inception of the contract, the forward rate is usually different from the spot rate. My website: https://farhatlectures.com/ Facebook page: https://www.facebook.com/accountinglectures LinkedIn: https://goo.gl/Pp2ter […]

Lessor Accounting for Sales Type Leases | Intermediate Accounting | CPA Exam FAR Questions.p 1 of 2

At the outset of the lease, the lessor recognizes a lease receivable and sales revenue (as if the asset had been sold to the lessee). … At the end of the lease term, the lessor increases its inventory when it receives the leased asset from the lessee. My website: https://farhatlectures.com/ Facebook page: https://www.facebook.com/accountinglectures LinkedIn: https://goo.gl/Pp2ter […]

Introduction to Translation of Foreign Financial Statements | Advanced Accounting | CPA Exam FAR

In this lecture, I explain the functional currency concept and introduce translation of financial statement using the premeasurement method (temporal method) and translation method (current rate method). This an advanced accounting topic. My website: https://farhatlectures.com/ Facebook page: https://www.facebook.com/accountinglectures LinkedIn: https://goo.gl/Pp2ter Twitter: https://twitter.com/farhatlectures Email Contact: [email protected] The objectives are to provide information that is compatible with […]

Lessee Accounting Initial Measurement | CPA FAR Exam Questions | Intermediate Accounting

This video covers lessee accounting initial measurement as for how to classify leases as a finance lease or operating lease and how to compute the present value of lease payments. This topic is covered in an intermediate accounting course. My website: https://farhatlectures.com/ Facebook page: https://www.facebook.com/accountinglectures LinkedIn: https://goo.gl/Pp2ter Twitter: https://twitter.com/farhatlectures Email Contact: [email protected]