Financial statement translation appears to alleviate enterprises’ difficulties in communicating financial information to foreign investors. With many years of experience in the translation industry, FAQTrans is confident in providing high-quality, accurate financial statement translations at reasonable prices. Making it easier for businesses to collaborate and transact with foreign partners. Creating numerous opportunities for economic development and attracting investment capital into businesses. For more information on our services, please call +84963.029.396.
What is financial statement?
What is the definition of financial statement?
Financial statements are a system of economic and financial information of an accounting unit presented in the form prescribed in accounting standards and accounting regimes. Financial statements are used to provide information on the assets, equity, liabilities, revenue, profit, cash flow, etc. of a business. Through financial statements, we can know the actual business situation of the business. From there, make economic decisions and build business strategies for the following years.
There are currently two common types of financial statements:
- General financial statements
- Consolidated financial statements
The company’s financial statements include:
- Balance sheet (Balance sheet)
- Income statement
- Cash flow statement
- Notes to the financial statements
How important is the translation of financial statements?
How important is the translation of financial statements?
The process of translating the content of documents contained in financial statements from the original language into the language that the customer wishes to translate is known as financial statement translation. A group of translators will work on translating financial statements throughout the process. These employees are typically finance, accounting, and banking translation experts.
The number of foreign investors in our country has increased over the years as a result of the globalization trend. When wishing to collaborate and enter into joint ventures with them, financial statements must be translated. This is so that the two parties can understand each other’s financial situation and build trust in order to invest and develop together.
Highlights of financial statement translation service at FAQTrans
Proud to be a leading unit in the field of translation for many years, it is always the priority choice of customers when there is a need to translate financial statements. FAQTrans always knows how to listen to customers to promptly adjust and improve service quality. Customer satisfaction is always a great concern of all company employees. At FAQTrans translation, there are great advantages that customers appreciate:
- Reputation level: Since its establishment, the company has accompanied thousands of customers. High quality translation, absolute accuracy. Being a reliable partner of many domestic and foreign companies and enterprises.
- High expertise of the team of translators: Translation FAQTrans is collaborating with more than 1000 employees everywhere. Most of them have been properly trained at famous language institutes and universities. Financial statement translators have worked for many years in the field of accounting and financial audit.
- Commitment to comply with the delivery deadline: Customers using our services will not need to worry about time issues. Punctuality is also one of the factors that make up the brand of our company.
- Privacy policy of customer data: Before performing each service, we always sign a confidentiality contract with the customer. The translation process is closed, ensuring information safety from the time of document receipt to handover.
What are the basic contents of translating financial statements?
In the integration period, domestic and foreign investors who want to access foreign investment capital and list stocks on foreign markets need financial transparency. Companies that enter into joint ventures with foreign organizations for business cooperation, bidding, etc. must translate their financial statements into the language used by their partners. Financial statement translation will solve the language barrier problem that causes headaches for business administrators.
At FAQTrans, we are committed to providing the best quality translations. Accurately translate the content, keeping the original style. Specialized terms are reasonably adapted to the context without changing the original meaning. Some common financial statement translations:
Translation of financial statements balance sheet
The balance sheet reflects the position of a company’s assets, liabilities and equity at a given point in time, usually at the end of the month or at the end of the quarter or at the end of the year. This balance sheet consists of two parts:
- Asset part: Includes existing assets of the business (short-term assets and long-term assets). Current assets include cash, accounts receivable and inventory. Long-term assets include buildings, machinery and intangible assets.
- Capital part: Includes equity, short-term liabilities and long-term liabilities.
Translation of financial statements of business results
The income statement is also known as the income statement (profit and loss statement). Through reports, businesses can capture revenues and expenses in each accounting period. In the financial statements will reflect the targets as revenue, expenses and net profit.
- – Revenue: Revenue from the sale of goods and provision of services, revenue from financial activities, other income.
- – Expenses include cost of goods sold (all costs for purchasing and production), selling expenses, business administration, financial operating expenses and other expenses.
- – Net profit: Note net profit before interest and tax = Cost – Gross profit
Translating cash flow statements
The cash flow statement is a statement of the cash inflows and outflows of a business. The basic parameters shown in a cash flow statement are:
- Cash flow from business activities
- Cash flow from investing activities
- Cash flow from financing activities
Translation of notes to financial statements
The notes to the financial statements have the role of narrating or analyzing the data contained in the three types of documents mentioned above according to the specified criteria.
Customers can contact us via hotline +84963.029.396. Or send mail to email: baogia.faqtrans@gmail.com. Our consultants will enthusiastically assist and answer all your questions.
Multilingual financial statement translation
It would not be an exaggeration to say that FAQTrans is one of the few translation companies on the market that can translate financial statements into the most languages and have capability to translate into over 100 languages around the world. This variety provides customers with more options when using our company’s services.
Customers’ needs do not stop at just one or two popular languages. Multiple target languages can be translated from a single financial statement record. You only need to go to FAQTrans to meet all of your requirements. Assist customers in saving more time and effort.
Professional financial statements translation into over 100 different languages
Languages in which customers often request translation of financial statements at FAQTrans:
- Translating financial statements in English
- Translate financial statements into Chinese
- Translate financial statements into Korean
- Translating financial statements into Japanese
- Translate financial statements into Russian
- Translating financial statements into German
- Translate financial statements into Malaysian
- Translating financial statements into Thai
- Translating financial statements in Indonesian
- Translating financial statements into Lao
- Translate financial statements into Spanish
The financial statement translation language you want to translate is not in the list above? You can rest assured that our translation team can handle all financial statement translation projects in any language. Immediately contact the hotline number +84963.029.396 so that the consultants can provide you with free support.
Receive translation of many types of documents in the financial field
In addition to translating financial statements, we also receive translation of many types of documents and documents in the financial field such as:
- Auditing report translation
- Tax report translation
- Translate market research reports
- Translation of investment analysis reports
- Income statement translation
- Equity statement translation
- Tax document translation
- Transfer pricing report translation
- Annual report translation
- Business plan translation
- Translating merger and acquisition documents
- Translating prospectus
- Translation of accounting documents
- Translation of loan investment contract
- Insurance document translation
Not only translating financial statements, FAQTrans also translates many other types of financial documents
How much does it cost to translate financial statements at FAQTrans?
The cost of translating financial statements is not fixed, often depends on the following factors:
- Source and target languages of financial statements
- Number of pages of documents to be translated
- Request time to complete the translation
- Difficulty and complexity of the business field
To get the fastest and most accurate quote, you can do one of the following ways:
- Contact us via hotline 0963.029.396 to request a service quote
- Send information about financial statement translation documents to email baogia.faqtrans@gmail.com
- Or fill out the quote request form here
After receiving the service request information, we will analyze and respond to the translation cost as soon as possible.
Translation of financial statements according to scientific standards
All translators at our company will work in accordance with standardized professional working procedures. Make sure to execute your translation project quickly and in the best way.
- Step 1: Receiving information and requesting financial statement translation services from customers.
- Step 2: Evaluate and classify translation records, offer the most optimal translation plan.
- Step 3: Coordinating staff to translate financial statements in accordance with the project. Handing over documents and conducting translation. After the translation is complete, read and review the entire content and correct errors if any.
- Step 4: Proofread and standardize the translation according to the requirements set by the customer.
- Step 5: Send previews to customers for comments. Adjust content appropriately.
- Step 6: After the customer is satisfied, proceed to print the document and hand it over to the address provided by the customer
FAQTrans specializes in providing translation services for financial statements, certified translation into more than 100 languages around the world. The translation has the best quality, done by a team of experienced translation experts. Translation costs are low and highly competitive in the market. 100% refund if serious translation errors occur. Support consulting anytime, anywhere via hotline +84963.029.396.
