Definicja currency translation (EC-CS)

Co znaczy CURRENCY TRANSLATION (EC-CS):

The translation of the local currency of financial statements of foreign consolidation units into the group currency for the reason that consolidation statements are to be created in group currency.

The following choices, in particular, must be made when performing currency translation:

For the translation of individual financial statement items, you must choose either the current exchange rate (which corresponds to the statement date) or the historical exchange rates. You must choose between alternatives for the treatment of differences that arise during translation. You must select among the array of exchange rates