Financial translation is the process of converting financial information from a source language into one or more different target languages. In an increasingly international market, multilingual communication of financial information is extremely important and can affect a company's reputation and share price. As such, high-quality financial translations are key to maintaining a good reputation and status with international investors.
What should you consider when choosing a supplier?
As with other branches of translation, financial translation requires the use of highly specialised terminology. To ensure that there are no errors, it is important that your translation partner works with experienced translators who have a background in finance and an in-depth understanding of appropriate business language and tone.
Obviously, accuracy and consistency are very important in all translation work, but particularly with financial reporting. Your translation partner should use the most appropriate and up-to-date translation tools, glossaries and style guides to achieve the best result possible in the most efficient way.
Which standards does your translator need to follow?
The basic rule here is that your financial translation expert needs to know the details of your current accounting principles. For European listed companies, these are normally based on IFRS (International Financial Reporting Standards) and IAS (International Accounting Standards, the predecessor to IFRS). In addition, each branch often has its own specific terminology that reflects its own needs, such as types of current assets. Other parts of the world might use GAAP (Generally Accepted Accounting Principles). A financial translator should be familiar with all these standard frameworks.
What can we offer at Fluid Translation?
Fluid Translation works with dedicated financial translation teams with decades of experience translating highly demanding financial reports. We have pioneered a unique methodology to ensure that we produce the highest quality translations within the tight time and quality constraints that usually apply to this type of translation project.
Our translation teams include financial gurus, copywriters, editors/proofreaders and industry experts to ensure that we produce sharp, error-free text that grabs the attention of shareholders and other stakeholders. We work hard to identify specialist team members who fit the specific needs of each client and to ensure that we provide the highest level of service and attention.