Re-measurement vs translation difference, question, financing, activities, investing

Sunshine4ever

This threw me off. What's the difference under Multinational Operations?

Translation usually occurs for independent subsidiaries whose operating, investing & financing activities are decentralized from the parent.

Re-measurement usually occurs when a subsidiary is well integrated with the parent and makes the operating, investing and financing decisions.

This may sound like a dumb question but what is the difference between re-measurement and translation? I'm assuming that both cases use the all current or temporal method depending on circumstances but I'd like to confirm?

Would appreciate the help!

President1988

Thanks for clarifying!

chaojimali

my understanding is that typically the vernacular "remeasurement" is associated with the temporal rate method, and "translation" is associated with the current method approach. So where the subsidiary has a greater deal of autonomy translation would be used. Where there is a lesser deal of autonomy for the subsidiary remeasurement would be used.