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Functional Currency Archives - SkillAbility

CPA tax staff building a review-ready Form 8858 filing architecture from foreign disregarded entity and foreign branch identification through filer categories, ownership, U.S. GAAP schedules, section 987, foreign taxes, related transactions, and penalty controls
11 Sep

Form 8858 Training for Tax Staff: Foreign Disregarded Entities, Foreign Branches, and Review Readiness

Accounting Workforce Development

By Vincent Howard, CPA | Managing Partner, Howard, Howard and Hodges | SkillAbility for Accounting Firms Last updated: September 11, 2026  |  45-minute read TL;DR — The Short Answer Form 8858 training should teach tax staff to build the foreign-unit reporting architecture before they open the tax software. The return starts with the FDE/foreign-branch population,

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CPA staff accountants building a review-ready ASC 830 foreign currency accounting file from functional currency and transaction measurement through remeasurement, translation, CTA, intercompany FX, and highly inflationary accounting
31 Aug

Foreign Currency Accounting Training for Staff Accountants: Build ASC 830 Transaction, Remeasurement, and Translation Competence

Accounting Workforce Development / Tax Advisory

By Vincent Howard, CPA | Managing Partner, Howard, Howard and Hodges | SkillAbility for Accounting FirmsLast updated: August 31, 2026  |  37-minute read TL;DR — The Short Answer Foreign currency accounting training should teach staff to follow the currency logic from transaction denomination to functional currency to reporting currency—not treat every exchange-rate difference as the

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