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.

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