Translating the range of financial reports come with its own issues when it comes to terminology and phrases. Ensuring that the reports are accurately translated will be an important factor for any business that operates in different language regions.
There are a wide range of financial documents that may require translating and will need a different approach to that of translating a business’s technical manuals or marketing materials.
The types of financial documents include:
- Financial Annual Reports
- Price / Charge Sheets
- Compliance Documentation
- Sales Performance Reports
- Bid and Acquisition Reports
When translating financial documents, it’s not only important to use the correct terminology but also to ensure that the translation reflects both the meaning and the context of the terms used. Consistency of translation between related documents also plays a factor for the translator to consider. The terms and phrases used in one report, for example a quarterly financial review must therefore also be used in another document, for example the full year Annual Report.
In addition to the accuracy, the translator must ensure that the translated document adheres to the standards and policies set out in the International Financial Reporting Standards (IFRS). These standards are issued by the International Accounting Standards Board (IASB).
Accuracy for Financial Translations
Translators working on the range of financial documents must also consider the accuracy required for the use of figures and dates. This is particularly the case when placing the commas and decimal points, the use of currency marks. Also, different countries structure their dates differently with some placing the month first with other placing the day first. Translators must always know how their translation must be structured.
Almost every business will place confidentiality high on their priority list for protecting their business integrity. Before any translator receives the financial report, it is wise for them and their company to sign a Non-Disclosure Agreement to help prevent their information being disclosed to any unauthorised persons.
Our team of translators are highly experienced in translating a wide range complex financial documentation. Each one of our qualified translators an expert in the field of finance which means they can accurately understand and translate the all details delivering the highest quality translation.
If you would like to discuss your next Financial Document translation, we would welcome your call.