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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)
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.
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.
translation
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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