F340 Multicurrency Accounting (CPE)

For information on CPE credits, please see the Continuing Professional Education section.

Registration URL: https://webinar.ringcentral.com/webinar/register/4217168186861/WN_1P0zgrGIRc6oFXfmd-WeOg

Audience: This webinar is intended for implementation consultants of the finance functionality of Acumatica ERP.

Acumatica ERP Experience Required: 3-6 months

Who Should Attend (relationship to Acumatica):

• Partners who implement Acumatica ERP finance functionality for customers
• Professionals who want to learn Acumatica ERP

Acumatica ERP version: 2024 R1

Training Description: This webinar provides information about and experience with the configuration and use of the Currency Management subledger for managing multiple accounting currencies and performing multicurrency operations.

Training Syllabus: The program is covered over four days as follows:

• Day 1: System Configuration for Multicurrency Operations. In this session, you will learn how to enable the required system feature, review the base currency and configure foreign currencies, manually configure a foreign currency and currency rates for foreign currencies, and create currency rate types. You will also learn how to create a GL account to which a cash account in a foreign currency will be linked, specify the cash account as the default cash account for a customer and a vendor, and create a GL transaction in a foreign currency.
• Day 2: AR Documents in Foreign Currencies. In the second session, you will learn how to process funds transfers in a foreign currency, create and process an invoice in a foreign currency, override the default currency rate, and pay the invoice with a payment in the same foreign currency. You will learn how to create a credit memo in a foreign currency, apply the credit memo to an invoice in a foreign currency, Create an invoice in a foreign currency and a payment for it in the base and another foreign currency, review and analyze how the system applies payments to invoices when the currency of the payment differs from the currency of the invoice, and override the cross rate used in the payment.
• Day 3: AP Documents in Foreign Currencies. In this session, you will learn how to create and process a bill in a foreign currency, pay a bill in the same foreign currency, create a debit adjustment in a foreign currency, and apply a payment and the debit adjustment to a bill in a foreign currency. Also, you will learn how to create a bill in a foreign currency and a payment for it in the base and another foreign currency, review and analyze how the system applies payments to bills when the currency of the payment differs from the currency of the bill, and override the cross rate used in the payment. Moreover, you will learn how to perform system setup for the revaluation of AP documents and revalue open AP documents.
• Day 4: Revaluation of Account Balances and Translation of Financial Statements. In this session, you will perform system setup for the revaluation of AR documents, revalue open AR documents, and revalue a bank account denominated in a foreign currency. You will also learn how to configure the system for translating financial statements, configure a translation definition, prepare a translation in the system, edit the prepared translation worksheet, and release the translation.

Date and time: This training meets the following four times, and attendees are expected to attend all four sessions:

• Tue, June 25, 2024 10:00 AM - 11:30 AM PT
• Wed, June 26, 2024 10:00 AM - 11:30 AM PT
• Thu, June 27, 2024 10:00 AM - 11:30 AM PT
• Fri, June 28, 2024 10:00 AM - 11:30 AM PT

*To provide a cloud instance for attendees, we need to generate a registration report and perform some activities to deploy the instance and send out the credentials. All this takes time and we have to do it several hours before the webinar. So we highly recommend not leaving the registration up to the last minute of the webinar start. Everyone who registers after 6 AM PT of Day 1 session will not receive the link to the cloud instance and credentials for it and will have to attend a webinar in a view-only format.

Partner Certification: This webinar is based on the materials of the F340 Multicurrency Accounting course, which is part of the Advanced Financials badge. Completion of this class does not give you an automatic completion of the related course at Partner University; you will still need to complete the exam at Partner University.

Instructor: Bob Stewart

Bob Stewart has 30 years of experience almost entirely in construction ERP software assessment, selection, implementation, data migration, etc., specializing in project costing, payroll, equipment costing, finance, and more. Prior to ERP consulting, he served for 8 years as a Project Cost Accountant, Contracts Administrator, and Divisional Controller in the project-based environmental remediation vertical.

Prerequisites­

For this webinar, attendees are expected to complete the F100 Financial Basics course and be familiar with the basic and advanced business processes that can be performed in general ledger, cash management, accounts receivable, and accounts payable.

Advance Preparations

None. Attendees will be provided with a cloud instance and tenant for training purposes.

Training Materials

Please download the following training guide: F340_Multicurrency_Accounting_2024R1.pdf that you will need for the training.

Continuing Professional Education

• Program knowledge level: Intermediate
• Delivery method: Group Internet based program*
• NASBA field of study: Computer Software & Applications
• Maximum number of CPE credits that may be earned by the participant: 4

Due to this program being offered free of charge, there will be no refunds issued. If you have any questions, please feel free to contact us at training@acumatica.com.

* We offer CPE credits for this course if you attend the course in the format of online instructor-led RingCentral session. During the session, we measure your attentiveness by using polling questions at random times. We provide the certificate if you have answered polling questions during the session. To get the certificate with the confirmed CPE credits, please send a request to training@acumatica.com after the session is complete.

National Registry Statement

Acumatica is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.NASBARegistry.org.