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Description

Foreign Currency Accounting: Recording, Revaluing and Justifying FX Results

Manage a bank's foreign currency transactions and be able to explain the foreign exchange result

  • 2 days — 14 h
  • In-person or virtual
  • Intermediate
  • Up to 6 participants

Foreign currency transactions raise two distinct difficulties: translating correctly on initial recognition and revaluing at each reporting date. When the currency position is not tracked account by account, the result becomes impossible to explain and the counter-value accounts can no longer be substantiated.

This short programme covers the multi-currency accounting organisation of a banking institution: recording at trade date, position and counter-value accounts, revaluation at closing rates, and the treatment of forward foreign exchange and swaps. Unlike a module on hedging, it focuses on bookkeeping and on substantiating the foreign exchange result.

Learning objectives

  • Organise multi-currency accounting and its position accounts
  • Record a spot foreign exchange transaction and its settlement
  • Revalue foreign exchange positions at closing rates
  • Handle forward foreign exchange transactions together with premiums and discounts
  • Substantiate the foreign exchange result and counter-value balances

What makes this programme different

Reconstructing a currency position from a single day's accounting entries
End-to-end tracking of a forward foreign exchange deal from trade to settlement
A method for substantiating the foreign exchange result that can be reused at every reporting date

Programme

1Multi-Currency Accounting Organisation

Position and counter-value

  • Maintaining ledgers by currency
  • Foreign exchange position accounts and counter-value accounts
  • Rates applied according to the nature of the transaction
  • Assigning transactions to the correct accounting date

2Spot and Forward Transactions

From trade to settlement

  • Recording spot purchases and sales of currency
  • Booking forward foreign exchange transactions
  • Treatment of forward premiums and discounts
  • Foreign exchange swaps and currency treasury operations

3Period-End Close and Substantiation

Explaining the foreign exchange result

  • Revaluation of positions at closing rates
  • Separating the foreign exchange result from the interest result
  • Substantiating position and counter-value accounts
  • Common anomalies and corrective approaches

Who is it for

Bank accountants responsible for back-office operations and accounting controllers working on foreign exchange and treasury transactions.

Prerequisites

Familiarity with spot and forward foreign exchange transactions and with the structure of a banking chart of accounts.

Dates & locations

36 scheduled dates between November 2026 and December 2027. Seats are confirmed in the order enquiries are received.

November 2026

December 2026

January 2027

February 2027

March 2027

April 2027

May 2027

June 2027

September 2027

October 2027

November 2027

December 2027

None of these dates suit you? We open additional sessions on request, and any programme can be run privately for your team.

Practical details

Before the programme
Online positioning questionnaire. Your development objectives are shared with the trainer, who tailors the practical case studies to your context.
Teaching methods
Theoretical input, workshops and practical case studies. Digital course materials and method sheets provided.
Assessment
Multiple-choice tests and role-play exercises. Assessment of learning at the start and end of the programme, with immediate and 60-day follow-up evaluations.
After the programme
One year of access to the e-learning platform. Self-assessment of the skills acquired and a 30-day follow-up session with your trainer.
How to register
Registration online or on the basis of a quotation.
Lead time
11 working days after confirmation of registration.
Accessibility
Accessible to people of determination. Contact our accessibility coordinator to design a suitable solution: contact@mpf-academy.ae
Start dates
Rolling intake: in addition to the scheduled sessions, this programme can start on request.