Tranaslation & Consolidation example

[Mars]

Hello there,

I need an example of translating a foreign subsidary financial statements, and then consolidating it into a parent financial statements.

Thanks anyway.

 

[bklynboy]

If US GAAP, balance sheet is converted at the spot rate and income statement is valued at the weighted average rate ech month. Difference goes into a CTA account that is part of equity. Can you elaborate what your issue is as this is very straight forward?