5 Challenges and Importance of Financial Translation
Shakti Enterprise is a leading financial translation company in Delhi which expertizes in translation and localization of documents. Besides having a wide financial translation dictionary, it offers linguists who have a background in the finance ...
5 Challenges and Importance of Financial Translation
Shakti Enterprise is a leading financial translation company in Delhi which expertizes in translation and localization of documents. Besides having a wide financial translation dictionary, it offers linguists who have a background in the finance sector.
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Language: en
Added: Sep 11, 2018
Slides: 18 pages
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A Guide To Financial Translations
A Guide To Financial Translations: Types, Mistakes to avoid and things to remember
Instructions of Financial Translation FINANCIAL TRANSLATION: The trade, which is the backbone of any organization and eventually every country is expanding its network all over the world. And with the increase in its worldwide branches and markets, there is a huge need for accuracy in its financial documents translation. And with a rise in need, there are various financial translation services offered by both online and offline agencies. 1
Translation is an act of recreation. - Ken Liu
Types of Financial Translation Internal & external communications Financial statements Market analysis Sales forecasts Business plans Annual reports Audit reports
Mistakes in Financial Translation
The punctuation mistake: While looking at the translator's job, we think it is easier and achievable at lower ease. But in reality, it is the person's knowledge of both the subjects that were involved.
Confused Values Sometimes it is necessary to write the name of the number to make the person who does belong to the target language understand the exact figure. As intercontinental language varies, it is necessary to maintain a glossary that suits the final region of document utilization.
Mis-interpretation of numbers The whole effort of translating is to report the numbers with appropriate sense or meaning. While interpretations go wrong, resulting in panic and chaos within the financial department as well as the markets. Sometimes, the nuances created are much dominant over the global market.
Mistranslation of Nuance Sometimes a bad translation leads to higher degree impacts that challenge the existence of the firm. While translating the document there should be taken care of few vital things that may modify the actual scenario.
Grammar Errors Sometimes a bad translation leads to higher degree impacts that challenge the existence of the firm. While translating the document there should be taken care of few vital things that may modify the actual scenario.
Avoiding mistakes in Financial Translation
Using Better Tools Financial Translation online can be a very powerful tool for converting numbers and currencies. Translations can be taken care of by a professional translator while the minor issues can be related using online tools. Proof-Read Even the best can make mistakes too. So while translating the documents into other languages, professionals from both the languages should verify the translation with proper grammar and glossary for efficiency and accuracy.
Avoiding Pitfall This is one practice that needs to be followed from the beginning. Number systems must be understood before the translation is started and make a proofread by foreign agencies/ translators. This may avoid the possibilities of errors that may outcome in the translated documents. Research Before Starting A comparison should be there for both the data before and after the task is finished. If the document is out in the hands of the public, people may be interested in reading it while translating on their own or in the worst case the numeric data. Confirm that your numbers match.
Shakti Enterprise Fanancial Translation Services In India, translation of financial documents has played a major role in understanding the global market. While financial translation online can be preferred in some cases with the aid of a professional translator, we at Shakti Enterprise, support the same.
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