Translate annual reports and financial statements
At the beginning of the year, many are busy with company financial reports. At the same time as the year-end bulletin is being compiled, this year's quarterly reports, interim reports, sustainability report and, above all, the annual report must be factored into the planning. Read our tips on how best to fit translation into your packed schedule.
The corporate reports do not only showcase the company's financial position – they are also a presentation of the year's work, visions and goals, and above all an opportunity to reach out with information about the brand.
It is becoming increasingly important to make reports accessible to foreign stakeholders as well, especially for listed companies. Partly to enable shareholders to review the annual or quarterly figures, and partly to attract new investors and grow the company. In most cases, English is chosen as the primary language for translation, though other languages also occur.
The right skills are required
Financial reports and accounts places high demands on the translator, and it is important to find the right person for the job. An annual report, for example, is divided into a front section, which consists of descriptive and promotional texts, and a fact-based back section, with figures and tables. An annual report for a company in the steel industry therefore differs significantly from one for a company in medical technology, for instance, even if the terms in the financial parts may be the same.
In addition to knowing financial terms, standards and guidelines such as FAR, IFRS and US GAAP, the translator must therefore be familiar with industry- and company-specific terms for your particular field. Furthermore, it is important that he or she learns your company's exact tone and style. This is why we always ensure that you get the same translator for all your texts.
Economic reports also demand careful project management. Often, the translation has to get underway before the original has gone through all the channels, which means that changes come in during the course of the work. You need to keep your wits about you when there are many versions in circulation.
Our project managers are experts at setting up processes for revision versions, comments, last-minute press releases and short delivery times. The more information we can get about audit committee and board meeting dates and other things that may affect planning, the better. Get in touch with us as early in the process as possible, and together we will find a process that works and be able to book your translator in good time.
We translate regularly annual reports and financial reports for listed companies and other businesses.
Of course we work with confidentiality agreements and insider lists
5 tips
- Create a schedule for all steps in the process.
- Contact us as early as possible. Then we can pre-book your specific translator.
- Let us help you plan your translation. Together we will find the right working method for layout, file formats, revision versions, etc.
- Provide us with reference materials, glossaries, and language or style guides if available. This will allow the translator to familiarise themselves with your specific language and find your tone of voice.
- Give us feedback. We take all your comments on board and fine-tune our collaboration.