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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 ?
Do you follow a particular method when translating?
William Tyndale emulated Luther by translating the New Testament into English between 1525 and 1531.
During the period under review, the Fund has earned a net profit of Rs101 million translating into earning per unit of Rs1.86 as compared to net profit of Rs80 million translating into earning per unit of Rs1.71 last year.
Part of his works also includes translating the book My Vision, which was written by His Highness Shaikh Mohammad Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai.
speaks of the "intensive activity" of revising and translating the liturgy around 1970 into all the major languages of the world (p.1).
Saint Thomas Aquinas in his prologue to 'Against the Errors of the Greeks' remarks: 'A good translator, while guarding the sense of the truths he is translating, must adapt his style of the genius of his own tongue.'"
Apter and Herman discuss translating singable lyrics for performance, creating translated texts meant to be sung to the same music composed for the original--or only minimally changed--for audiences who usually lack any other linguistic access to the texts.
Briefly, the rule is, say man when translating Adam (Hebrew) and anthropos (Greek).
Tyndale also showed the public aspect of his work by printing a table of New Testament lections for each Sunday and by translating forty Old Testament lections prescribed during Advent and Lent and on certain saints' days.
Beginning June 1, 1998, a series of directives will come from a number of European countries mandating the translation of communication "in minutia." What that means is that "everything from business cards to product labels will need translating and American businesses are unprepared for that reality," Marubio added.
Multinational corporations find it difficult, if not literally impossible, to comply with the statutory requirements for translating their myriad foreign tax payments.
Continuing our series on the recently received Vatican Norms on Bible translating and "inclusive" language, we comment now on Norm Two.