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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.


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 ?
This need reflects in the current generation of smartphones - the Samsung Galaxy S IV, for instance, has language translation software that works on a real-time basis.
Culture and Information Minister Shaikha Mai bint Mohammed Al Khalifa told Shura Council members yesterday that Bahrain Radio and Television Corporation (BRTC) had already planned in the past to have sign language translations in the programmes.
Automatic language translation technology can be used in several correctional applications, including:
In the last month, the Language Translation services have been used in deployments of Aestiva Purchase Order for service in Central America, Japan, Vietnam, and Quebec.
Supply, procurement, finance and human resources are other functions similar to language translation that can be consolidated across national boundaries.
To learn more about specialized language translation services, visit the firm's website at http://www.
Language translation has a pivotal role in the innovative life science community, and we welcome the opportunity to share our expertise and resolve the MBC members' language translation needs.
Worldwide language translation software license shipments market shares analysis indicates that IBM is the leader with its WebSphere product that supports Portal.
SYSTRAN, a world leader in language translation technologies, offers translation products and solutions for the desktop, enterprise, and Internet which enhance multilingual communication in more than 50 language pairs.
A key consideration in selecting Astoria's XML content management software was its optimization for content reuse and language translation and localization, which will facilitate GE Healthcare's future expansion of products into new markets.
LOS ANGELES -- Language Weaver, a leading software company developing enterprise software for the automated translation of human languages, today announced it will demonstrate multiple applications where automated language translation has been integrated with communications programs that help the homeland security and U.
To date, 32 units have been shipped to Iraq for an investigative fielding of two-way language translation between English and Iraqi Arabic.

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