Definition of 'gain on translation'
gain on translation in Accounting
(geɪn ɒn trænzleɪʃən)Word forms: (plural) gains on translation
noun
(Accounting: Financial statements, Income statement)
A gain on translation is the amount of money that is made by a company by converting another currency used in a transaction into the functional currency of the company.
A gain on translation is recorded for a loan payable denominated in a foreign currency when the dollar
has increased in value compared to the foreign currency.
Companies using the current rate method generally show a gain on translation when the US dollar weakens and a loss when the US dollar strengthens.
A gain on translation is the amount of money that is made by a company by converting another currency used
in a transaction into the functional currency of the company.
Collins English Dictionary. Copyright © HarperCollins Publishers
gain on translation in Finance
(geɪn ɒn trænzleɪʃən)Word forms: (plural) gains on translation
noun
(Finance: Foreign exchange)
translationA gain on translation is the amount of money that is made by a company by converting another currency used
in a transaction into the functional currency of the company.
A gain on translation is recorded for a loan payable denominated in a foreign currency when the dollar
has increased in value compared to the foreign currency.
The US dollar weakened, resulting in a gain on translation.
A gain on translation is the amount of money that is made by a company by converting another currency used
in a transaction into the functional currency of the company.
Collins English Dictionary. Copyright © HarperCollins Publishers
Nearby words of 'gain on translation'
- gain ground
- gain on
- gain on sale
- gain on translation
- gain over
- gain time
- gainer
-
All ENGLISH words that begin with 'G'
Source
Definition of gain on translation from the
Collins English Dictionary
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