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Translation

When a parent-subsidiary relationship exists between two companies in different countries using different currencies, the act or practice of changing the financial statements of the subsidiary to conform to the accounting standards of the parent's country, as well as re-denominating the subsidiary's currency into the parent's currency. According to the Generally Accepted Accounting Principles in the United States, the translation of a foreign currency to U.S. dollars must be accurate as of the date on the financial statement. If there have been substantial changes to the exchange rate since that date, the consolidated financial statement must note this.

translation

The expression of amounts denominated in one currency in terms of another currency by using the rate at which two currencies are exchanged. For example, a firm with foreign operations might express sales made in German marks in terms of U.S. dollars. Also called foreign currency translation.
References in periodicals archive ?
Neither do the Norms ever mention translating in a way "suitable for public proclamation.
No company is more cognizant of this than GE Healthcare, so the company has dedicated itself to rapidly creating documentation, translating it into multiple languages, and delivering it to healthcare professionals.
In Asia, Fujitsu, a leading japanese computer manufacturer, developed a system for translating japanese into English.
When computers ask questions while a text is being created, and then use the answers while translating, we have scaled Olympus: reliable, effective machine translation.
The system America Translating designed is the first of its kind in the USA.
Mike Devlin, project manager for America Translating, said, "The Bosch system seems to be built for this century.
Web localization involves translating Web sites into specific languages for specific cultures, as well as addressing local business practices, policies, and regulations.
With the capability of translating more than 3 million words per hour, the Enterprise Translation Server gives organizations the ability to offer instantaneous on-the-fly translations of e-mail, instant messages, presentations, documents and web pages to their employees and customers.
An MT system interprets the structure of sentences in the source language (the language the user is translating from) and generates a translation based on the rules of the target language (the language the user is translating to).
From any workstation, every translator from beginner to expert can easily begin translating using the suite of tools for alignment, editing, analysis, etc.
The software is adaptable to users in more than 28 countries on six continents around the world by translating whole text in seven languages plus English.
The Enterprise Translation Server is a powerful, highly scaleable solution capable of translating over 3,000,000 words per hour.