HomeDefinitionsCompareDebt Foreign currency translationThe financial definition for 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. Similar MatchesCumulative 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. Translation RiskTranslation RiskThe risk of changes in the reported home currency accounting results of foreign operations due to changes in currency exchange rates. Click to compare definitions of Foreign currency translation Click to view definitions beginning fo |