In the era of globalization and international economic integration, financial report translation has become an indispensable field of expertise for multinational enterprises, foreign investors, and financial institutions. international government.
The process of translating financial reports is not simply a matter of transliteration, but also involves accurately interpreting complex financial concepts, complying with financial information disclosure regulations of different countries. and ensure comparability between financial statements of companies globally.
In particular, companies and enterprises are gradually reaching out to international markets, calling for foreign investment or cooperating with companies outside of Vietnam. This requires companies to prepare a multilingual financial statement and needs financial statement translation is necessary.
What is the current need for financial report translation?
First, with the increase in the number of foreign investors due to globalization, the financial statements must have a translation into the partner's language so that they can keep track of the company's operations without fail. they are investing, cooperating. Financial statements are important documents, reflecting the financial position and operations of the company in the most accurate way, from which financial statement translation services play an increasingly important role.
In addition, for multinational corporations, the translation of financial statements is an annual activity for the purpose of monitoring production and business activities in the past year and setting goals and directions for the company to operate. more effectively in the following years.
Difficulties in self-translation
The trend of at-home translation appears more and more, but with the desire to get a high-quality and accurate financial statement translation, it is very difficult because it requires many skills as well as translation methods. art. Therefore, the translator will face certain difficulties such as:
Firstly, in order to translate financial statements, the translator is not only fluent in foreign languages but also has an understanding of some economic specialties such as accounting and auditing. Keep the specialized vocabulary of economics - accounting - finance, for effective application, to avoid misunderstanding of specialized words that affect the quality of translation.
Secondly, because the translator has little experience, has not been trained in skills and translation methods, when problems arise, it is difficult to handle, seriously affecting the company because of the report. Finance is a very important document, the translation must ensure absolute accuracy, quality is the top factor.
Why should you use financial report translation services at Idichthuat?
1. Multi-specialty translation
With a team of translators who are fluent in more than 50 languages, trained in translation skills and methods, are graduates of leading universities nationally and internationally. Idichthuat will almost satisfy the requirements of customers.
2. Highly qualified team of translators
Idichthuat We have a team of highly specialized staff, working professionally, responsibly, always listening to the requests and opinions of customers so that we can learn from experience and always put the interests of customers first.
3. Perfect translation quality
Since this is a financial statement translation, the stricter requirements are to ensure that the wording is used with absolute precision. Translations of Idichthuat is strictly controlled with a professional working process, in addition, the translation team is equipped with translation knowledge and skills to create translations with the best quality and optimal accuracy.
4. Quick completion time, on time
Besides worrying about translation quality, when businesses use translation services at translation companies, it is not completed on time and delayed. Because the financial statements are an expression of the company's operations, a testament to its efforts in the past, the company must send those reports to investors, if there is an error. from the translation unit is to work unprofessionally, not on time as committed, affecting the reputation, investment sources and investors who have a bad view of Vietnamese companies and businesses.
Financial report translation services at Idichthuat
Idichthuat is the leading translation service provider in Vietnam. We provide professional translation services with fast time and low cost. In particular, for financial statement translation services, we provide translation services for the following types of documents:
- Translation of financial statements into English.
- Translate financial statements into Chinese.
- Translating financial statements into Korean.
- Translation of financial statements into Japanese.
- Translation of financial statements into French.
- Translate financial statements into other languages and vice versa.
- Translation of invoices, accounting documents, balance sheets, ..
Commitment when using our financial report translation service Idichthuat
First, Idichthuat Providing translation services for financial statements nationwide will shorten the distance between translation services and customers, meet the current urgent needs, and reduce costs incurred during the move. here, ensuring convenience and speed.
Secondly, we have a team of translators who are fluent in a variety of languages, work professionally, professionally, and responsibly, creating quality translations that can meet your requirements. row.
Tuesday, Idichthuat always put the interests of our customers first, always listen, understand, bring to customers the professionalism from us, the translation is delivered to the customer in an extremely fast time, the deadline is as expected. committed. We are confident that there will never be delays that seriously affect the interests of our customers.
Fourth, we promise when you use our service with surprisingly cheap price but top quality.
Frequently asked questions (FAQ)
1. How long does it usually take to translate financial reports?
Financial report translation time depends on the length and complexity of the document. Normally, a 20-30 page report can be completed in 2-3 working days. Larger projects may take 5-7 days.
2. How are financial report translation costs calculated?
Translation costs are usually calculated by word or page. The average price ranges from 150.000 to 250.000 VND/page (about 300 words) depending on the language pair and difficulty of the content. See the table now Translation prices based on number of words, pages, and working hours in HCM today's most famous.
3. Idichthuat Do you provide notarization services for financial statement translations?
Have, Idichthuat Providing notarized financial statement translation services with additional costs of about 50.000 - 100.000 VND/page depending on specific requirements.
4. Process for checking the quality of financial statement translations at Idichthuat how?
Quality inspection process of Idichthuat includes 3 main steps:
- Original translation
- Edited by financial experts
- Final check by project team leader
5. How to ensure the confidentiality of information during the financial report translation process?
Idichthuat Apply strict security measures:
- Sign a confidentiality agreement (NDA) with all employees and collaborators
- Uses a 256-bit data encryption system
- Limit access to information by level
- Delete data after project completion
6. Idichthuat Do you provide emergency financial statement translation services?
Have, Idichthuat Providing 24/7 emergency translation services with completion time 2-3 times faster than usual. The surcharge for this service is usually 30-50% depending on specific requirements.
7. Idichthuat Do you provide consulting services on financial terminology?
Have, Idichthuat Providing financial terminology consulting services for a fee of 500.000 VND/hour. This service includes detailed explanations of specialized terms and how to use them in specific contexts.
8. What translation support software is used in the process of translating financial reports?
Idichthuat use the Translation support software professional such as:
- SDL Trados Studio for project management and translation memory
- memoQ for collaborative translation
- Memsource for cloud translation
- ABBYY FineReader for optical character recognition (OCR)
9. How to handle differences in accounting regulations between countries when translating financial statements?
Idichthuat has a team of experts knowledgeable about accounting regulations of many countries. We will:
- Carefully study the accounting regulations of both the source and destination countries
- Advise customers on key differences
- Use footnotes or notes to explain important differences in translation
If you have service needs financial statement translation If you want to get an accurate translation in an extremely fast time, please contact Idichthuat. We guarantee that customers will be satisfied when using the service and are committed to providing translations quality - fast - professional - security - low cost.
Nguyen Trung Khang - Talented interpreter and translator, passionate about translation
Nguyen Trung Khang is a talented interpreter and translator, with many years of experience in the field of translation and linguistics. He graduated from Ho Chi Minh City University of Education, majoring in Linguistics in 2015.
After graduating, Mr. Khang participated in a professional interpretation and interpretation training course at the University of Foreign Languages - Hanoi National University. He achieved a high-level certificate in interpreting and interpreting, and was also awarded a master's degree in linguistics.