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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 ?
If you have an expert system that knows all about currency exchange, then it's [easy] to translate sentences back and forth between languages - so long as they deal only with currency exchange," says David Roe of Bell Labs.
However, it will allow me to sleep a little better at night, knowing that the ever-important assumption that cash flow eventually translates into earnings remains reasonably intact, thereby allowing me to reconcile Wall Street's investment evaluation process with that of business.
Graetz (1871, 154-55), who may have been aware of Rashi's comment, dismisses the exegetical readings of tsammah as veil, hair-locks, or braids, and also translates it as a band, "Binde," to hold the hair (indeed, in his translation, [LANGUAGE NOT REPRODUCIBLE INASCII] begins a new clause: "deine Augen Tauben.