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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 ?
One particularly successful system used in Canada translates weather forecasts with better than 99 percent accuracy between French and English.
The ever-important assumption that cash flow eventually translates into earnings is somewhat difficult for an accountant to embrace, given deferred income tax accounting and pension accounting under the FASB's Statement 87.
The striking part about this feature is that Word Lens not only translates printed words from one language to another using any smartphone camera but it also doesn't require any network connection for it to work.
SYSTRAN Home Translator enables home users to easily and quickly translate text, Web pages and Microsoft Word documents.
This "speak to translate" feature accepts voice input for 15 languages, and can translate those voice inputs into more than 50 languages.
With a sentence like ``Inspect the filter for wear and tear,'' the computer might translate it to mean you should inspect the filter for wear and then tear it.
Lexmark, an IBM offshoot, translates its software and.
The conclusion will be, say man in English when you translate the word MAN from Hebrew or Greek (or Latin); don't say one of the sixty-plus "equivalents" thought up by feminist translators of the Bible.
similarly, sells software that allows you to automatically translate foreign-language Web sites.
This third norm for bible translators is telling them to translate "warts and all," maintaining the tone and flavour of the original Hebrew or Greek.
Tyndale was the first to translate the whole New Testament into English from the original Greek, working from the text established by Erasmus.