Cumulative Translation Adjustment (SF.BS.TranslationAdjustment)
Cumulative Translation Adjustment (SF.BS.TranslationAdjustment) refers to the translation gains (losses) on financial statements of foreign subsidiaries. Such adjustments occur when the reporting currency of the subsidiaries differ from that of the reporting company. Such gains (losses) are included in the comprehensive income, according to SFAS 130, and are directly added…