 |
|
|
|
|
|
Definition of Translation - Finance dictionary
|
Translation (See Chapter 6 of the Vernimmen)
Translation is the conversion of the accounts of foreign subsidiaries into the currency of the parent company. Fluctuations in exchange rates and differences in Inflation rates may Lead to the distorted presentation of foreign accounts in consolidated accounts. The major methods of translation are the Closing rate method, temporal method, and special metgn currency items on the Balance sheet; these foreign exchange fluctuations are not Offset by Balance sheet items in the same currency.
Translation (See Chapter 6 of the Vernimmen)
Translation is the conversion of the accounts of foreign subsidiaries into the currency of the parent company. Fluctuations in exchange rates and differences in Inflation rates may Lead to the distorted presentation of foreign accounts in consolidated accounts. The major methods of translation are the Closing rate method, temporal method, and special metgn currency items on the Balance sheet; these foreign exchange fluctuations are not Offset by Balance sheet items in the same currency.
See
all terms in the dictionary of finance
|
|
|
|
You get more than just a glossary
on www.vernimmen.com:
- A monthly newsletter with over 60,000
subscribers
- 610,000 financial data for over 16,000
groups
- A 279-question quiz with answers
- A text book that has
sold 130,000 copies
- And all the rest |
To find other words in the
dictionary of finance, click on the first letter of the word you are looking
for:
A
B
C
D
E
F
G
H
I
J
K
L
M
N
O
P
Q
R
S
T
U
V
W
X
Y
Z
Definitions of terms begining
with the same letter as "Translation"
:
Translation (See Chapter 6 of the Vernimmen)
Translation is the conversion of the accounts of foreign subsidiaries into the currency of the parent company. Fluctuations in exchange rates and differences in Inflation rates may Lead to the distorted presentation of foreign accounts in consolidated accounts. The major methods of translation are the Closing rate method, temporal method, and special metgn currency items on the Balance sheet; these foreign exchange fluctuations are not Offset by Balance sheet items in the same currency.
|
|
|
Legal mention -
Contact -
Site map
|
|
