translation

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Related to translatory: translatory movement

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 ?
Such wonderfully wild translations both invigorate English and challenge traditional approaches to translation by making sound, not semantics, the basis of the equivalence that the translatory act aims at (225, 231, 232).
The sequence of sentences shows that Ilka Boll had been following a definite translatory strategy: translating for the theatre.
Stiffness or laxity in accessory movements can then be matched to knowledge of normal translatory and rotary movements coupled with end range physiological movements to determine relative involvement of different structures (Harryman et al 1990, 1992, Terry et al 1991).
And all we might infer from ancient testimonies about the translatory activities of a Sisenna and his contemporary Varro--these two must have known each other fairly well--might be revealing when looked at from new perspectives.