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cumulative foreign exchange translation account

German translation: Sammelkonto für Währungsumrechnungsdifferenzen

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GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)

English term or phrase:	cumulative foreign exchange translation account
German translation:	Sammelkonto für Währungsumrechnungsdifferenzen
Entered by:	Lydia Molea

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09:02 Jun 21, 2002

English to German translations [PRO]
Bus/Financial - Accounting / Annual report

English term or phrase: cumulative foreign exchange translation account

The gains and losses resulting from the changes in fair value of these instruments are recorded in income, except when the instruments are designated as hedging the currency exposure of net investments in foreign subsidiearies, in which case they are recorded in the ***cumulative foreign exchange translation account*** as part of the shareholders' equity.

TIA for your help.

Lydia Molea KudoZ activity Questions: 211 (none open) (2 without valid answers) (1 closed without grading) Answers: 747 Germany
Local time: 17:37

Sammelkonto für Währungsumrechnungsdifferenzen

Explanation:
The official German IAS translation uses "Währungsumrechnungsdifferenzen" or "Differenzen aus der Umrechnung von Fremdwährungsabschlüssen". There is even one reference (IAS 12)to "cumulative translation adjustment", which is translated as "kumulative Währungsumrechnungsdifferenzen".

Given that your text refers to an account where such differences are accumulated, I believe it's safe to refer to it as "Sammelkonto".