Translation

Foreign Currency
Foreign currency refers to the currency of another country, which is not used in the preparation of an organization’s domestic accounts. This term is important in financial reporting for organizations with international transactions or operations.
Interpreter
An interpreter is either a person who translates spoken or signed language orally in different contexts or a computer program that executes a source code line by line.
Translate
Translation involves expressing text or speech from one language into another, making it comprehensible in a different linguistic context. It also refers to the broader process of transforming text to another form.

Accounting Terms Lexicon

Discover comprehensive accounting definitions and practical insights. Empowering students and professionals with clear and concise explanations for a better understanding of financial terms.