Foreign currency translation

The process of restating foreign currency accounts of subsidiaries into the reporting currency of the parent company in order to prepare consolidated financial statements. The New York Times Financial Glossary

Financial and business terms. 2012.

Look at other dictionaries:

  • foreign currency translation — The process of restating foreign currency accounts of subsidiaries ( subsidiary) into the reporting currency of the parent company in order to prepare consolidated financial statements. Bloomberg Financial Dictionary …   Financial and business terms

  • foreign currency translation — Fin the restatement of the foreign currency accounts of overseas subsidiaries and associated companies into the domestic currency of the country in which the group is incorporated, for the purpose of producing consolidated group accounts …   The ultimate business dictionary

  • Foreign currency translation effects —   Gains or losses resulting from the process of expressing amounts denominated or measured in one currency in terms of another currency by use of the exchange rate between the two currencies. This process is generally required to consolidate the… …   Energy terms

  • Конвертация иностранной валюты (FOREIGN CURRENCY TRANSLATION)  — Процесс выражения в отчетной валюте предприятия тех сумм, которые выражаются или измеряются в другой валюте …   Словарь терминов по управленческому учету

  • foreign currency — The currency of another country, which is not used in the preparation of an organization s domestic accounts. However, the existence of foreign subsidiaries or branches or overseas transactions may mean that an organization must translate these… …   Accounting dictionary

  • Currency Translation — The process of quoting the amount of money denominated in one currency in the denomination of another currency on a balance sheet. Currency translation is done using current exchange rates. The Financial Accounting Standards Board (FASB) requires …   Investment dictionary

  • translation — Fin see foreign currency translation …   The ultimate business dictionary

  • translation — trans‧la‧tion [trænsˈleɪʆn, trænz ] noun 1. [countable, uncountable] FINANCE the process of changing one currency into another: • Favorable foreign currency translations boosted profits. translation into • After translation into Swiss francs,… …   Financial and business terms

  • Currency risk — Categories of financial risk Credit risk Concentration risk Market risk Interest rate risk Currency risk Equity risk Commodity risk Liquidity risk Refinancing risk …   Wikipedia

  • currency — noun 1 money used in a particular country ADJECTIVE ▪ domestic ▪ foreign ▪ They prefer to be paid in foreign currencies. ▪ common, global, international …   Collocations dictionary

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