translation

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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 ?
Successfully accelerating translational research at an academic medical center: The University of Michigan-Coulter Translational Research Partnership Program.
Examples from our own research also illustrate the potential for translational research in developing countries.
Translational research, as a whole, aims to bridge the gap between basic research, applied clinical research, and clinical practice (figure 1).
Critics of the NIH's emphasis on translational medicine say it diminishes basic science, the search for understanding that leads in interesting directions, such as the development of the antibiotic penicillin.
who leads the institute as principal investigator of the NTH Clinical and Translational Science Award.
The shift to broadly transdisciplinary research and development--at the heart of translational health science-has led to changes in science methodologies and technologies.
Setting: The Indiana Clinical and Translational Sciences Institute (Indiana CTSI) promotes interdisciplinary research across academic institutions.
The HMC's booth at the forum was manned by researchers and staff working on the AHS, who showcased information on the initiative with a particular focus on translational research.
The BCTR expands the outreach mission of the College of Human Ecology to further emphasize translational research, inviting community members, practitioners, and policymakers as active participants in the discovery process.
16 May 2011 - Norwegian drug developer Clavis Pharma ASA (OSL: CLAVIS) and US sector player Translational Therapeutics Inc announced they had entered into a strategic licence agreement on the development and marketing of Clavis Pharma's compound CP-4033.
Drug Delivery and Translational Research will begin its bimonthly publication schedule in February 2011.
Clinical translational research seeks the answer to the fundamental question health care providers ask themselves daily: "If I use this (test, drug, device), will my patient's health im prove?

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