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Foreign currency translation |
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Foreign currency translationThe process of restating foreign currency accounts of subsidiaries into the reporting currency of the parent company in order to prepare consolidated financial statements.Foreign currency translation Similar MatchesTranslation RiskTranslation RiskThe risk of changes in the reported home currency accounting results of foreign operations due to changes in currency exchange rates. Cumulative Translation Adjustment (CTA) accountCumulative Translation Adjustment (CTA) accountAn entry in a translated balance sheet in which gains and/or losses from translation have been accumulated over a period of years. The C.T.A. account is required under the FASB No. 52 rule. |
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