For Foreign Currency Translation we have terms and definitions in 3 topics. The topics are Accounting, Accounting Terms and Finance.

Foreign Currency Translation (Accounting)

is the process of restating foreign currency accounts of subsidiaries into the reporting currency of the parent company in order to prepare consolidated financial statements in the native currency of the parent company.

Foreign Currency Translation (Accounting Terms)

Restating foreign currency in equivalent dollars; unrealized gains or losses are postponed and carried in Stockholder's Equity until the foreign operation is substantially liquidated.

Foreign Currency Translation (Finance)

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

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