What is the difference between currency translation and remeasurement when it comes to consolidation?

What is the difference between currency translation and remeasurement when it comes to consolidation? The primary difference between the two is that we use translation to convert the financial numbers of a subsidiary into the functional currency of a parent company. Remeasurement, on the other hand, is a process to calculate the financial numbers in … Continue reading What is the difference between currency translation and remeasurement when it comes to consolidation?