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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 ?
I think it is a very noble ideal to be working for one English translation right throughout the English-speaking world," he said.
After severely criticizing the actual outcomes of the above projects under a mixture of pertinent observations, questionable assumptions and some understatements, this report marked the end of massive government spending for research on machine translation and the establishment of a certainty that lasts today: machine translation is mostly useless without human intervention in the form of editing or rewriting (Hutchins 1996).
4) A total integration module that controls collaborative operation of the speech recognition engine, the machine translation engine, and the speech synthesis engine realizing automatic translation on a single processor for mobile phones.
Not only will the translation be more readable, but you'll also save money by reducing the number of words that need to be translated.
Japan is well advanced in the use of professional translation services to manage the delivery of corporate communications, software products, documentation and Internet content in the world's languages.
Specifically, the essays are concerned with translations of the Bible (English, German, and Welsh); biblical commentaries; biblical allusion in important public texts; and laws concerning the reading and printing of the Bible.
His translation of the Bible into German was the first in a modern European language based on the original languages rather than on the Vulgate as the source for translation.
There is actually a huge need for language translation.
This is to be welcomed, as the new translation is a considerable improvement on the one currently used, both for its accuracy and for its more dignified language--a far cry from the dumbed-down prose style of the translation used over the past 30 years.
Translation of carefully selected passages from literature in their first language offers EFL students a unique opportunity to explore the dimensions of both languages and to develop their skills and style of written expression in English in ways that are both different from and beyond the products of standard composition and expression in the second language.
Beginning June 1, 1998, a series of directives will come from a number of European countries mandating the translation of communication "in minutia.

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