Online Course of Financial English for Translators

Our Online Higher Education Master’s in Technical Translation for Translators and Interpreters in Economics and Finance is designed to equip translators and interpreters with the skills they need to thrive in their career.

Even though in-depth linguistic knowledge is fundamental in becoming a language service professional, often it is not enough to guarantee correct understanding of the source texts (whether written or oral).

The aim of the Master’s is to equip students with the appropriate economic, legal and financial skills in order to fully understand the most common domain-specific documents that are required to be translated or interpreted, whether by law or for other reasons (e.g. financial statements, press releases, deeds relating to extraordinary transactions, transfer pricing, business negotiations, drafting of contacts, etc.).

Currently, all teaching is carried out online/remotely.

For this reason, the next in-person Master’s in Economics and Finance is suspended until further notice. Physical classroom teaching will be reinstated as soon as it is safe to do so, while respecting the guidelines and regulations of local and national health authorities.

Course Overview

Our Master’s in Economics and Finance increases career opportunities for translators and interpreters.

The growth of business activities outside of national borders, the spread of real-time communication, capital flows and business transactions in general have assumed an international profile. As a result of this phenomenon, defined as the “globalization” of companies’ economic interests, the beneficiaries of economic and financial information are increasingly found outside the borders of the country the information originated from. English is the international language of business, hence the enormous quantity of economic and financial documents that require translation from and into English, an amount that is constantly growing.

Why specialize with a Master’s

Taking part in a translation Master’s in Economics and Finance is the best opportunity for obtaining advanced specialization, an essential credential needed both to enter the sector and to stand out from the strong competition. Credits obtained are recognized by the professional associations AITI and ANITI and represent an important reference for the market. During the Master’s, practical exercises are carried out teaching the use of the most recent assisted translation technologies: automatic identification and management of terminology, advanced use of word processors and spreadsheet programs for the set-up of complex texts such as financial statements. Finally, training includes the teaching and use of CAT tools (SDL Trados).

Vantaggi per i traduttori

The translation of financial statements is a legal requirement for multinational companies. Since 2005, the International Accounting Standards (IAS) must be applied in Italy, creating a small revolution for companies, accountants, auditors, etc. There is an extremely high demand for translations in this area, especially from and into English, which is expected to keep growing.

This translation obligation is also valid for transfer pricing documents.
In general, there is a great number of economic and financial documents which must be translated by law or are translated for other reasons; one must only consider the amount of documentation relating to securities, stock exchanges, contracts, etc.
The translation of these texts requires an understanding of the subject and terminological precision often only typical of economics graduates, who, however, are rarely available and even when they are, do not know the translation techniques and stylistics norms and practices required.

For these reasons, professionals with linguistic and economic expertise are very few compared to the demand and are highly sought after by language service providers and companies in general. It should also be noted by those wishing to specialize in software localization that all administrative software and accounting programs require a high level of knowledge in terms of financial reporting content and terminology.

Benefits for Interpreters

Negotiations for which interpreters are called often deal with economic matters, just think of the contracts or budget analyses of multinationals. The number of conferences on economic and financial issues is constantly increasing. The high demand for professionals able to prove their preparation in economics and finance is therefore obvious. For an update on everything relevant to the application of IAS in Italy, please visit the website www.ifrs.org.

Structure and teaching staff

Theory lessons are held by university lecturers with excellent linguistic skills, using English and Italian material that is distributed to participants and is useful for the creation of glossaries and models unavailable on the market. Translation lessons are held by a teacher with a British degree in economics obtained in London and an Italian degree in economics, who will guide the students in translation exercises and glossary creation. The translation teacher is also author of the new edition of the Garzanti Business English Dictionary (in particular, the updating of financial statements, accounting and IAS/IFRS terminology) and is working on a new specialist dictionary to be published by the same Garzanti. He is also the author of the online Triple A Dictionary (Accounting, Auditing, Administration).
IT lessons will teach students the professional use of PCs required from professional translators, as well as professional CAT tools, automatic identification, terminology management and glossary creation.

Duration

The Master’s consists of 27 theory modules focusing on economic and financial topics and accompanied by a video presentation (amounting to a total of 18 hours) or guided by a slide deck, as well as 4 technical exercises. The theory lessons are followed by short multiple-choice tests in order to verify correct understanding of the material discussed. In order to pass, you must answer all the questions correctly. You can attempt each question up to 3 times in a 24-hour time frame.

The Master’s also includes 6 translation exercises, to be carried out after studying a specific glossary accompanied by a video presentation (totalling 2 hours). The translation exercises consist in translation from English into Italian of excerpts relating to the topics discussed. For this reason, knowledge of English is a prerequisite for attending the Master’s.

Once you upload your exercise, the platform will allow you to download the correct Italian translation of the entire source document, enabling students to learn the most common and effective translation solutions and terminology used in the context of documents that are regularly requested for translation by the market. If you have questions relating to the translations, you can send an e-mail to masteronline@triplaaa.com. As soon as it is possible, you will receive an invitation to join a video conference with the teachers who will be able to answer your questions.

Lastly, the Master’s includes tutoring on the use of computer-assisted translation software (CAT tools), of a total approximately 2.5 hours, focusing on SDL Trados Studio, a standard sector software suite and one of the most commonly used in the world.

After a brief introduction into the theory behind CAT tools in general, the main features of SDL Trados Studio will be explained, followed by a practical exercise in the economic and finance sector.

This module moreover contains 3 tutorials focusing on the macrotopics of Translation and Revision, Project Management and Translation Memory Management, and 5 video tutorials, available in different languages, designed to support users in learning how to best use the software. This training is rounded off with 7 videos, four dedicated to SDL Trados Studio and three to the termbase management tool SDL Multiterm, which provide general guidelines and processes to get familiar with the software suites, by analysing their main features and aspects.

The content of the Master’s can be accessed 24/7 and is available for 3 months beginning from the activation date.

At the end of this period, your account will be deactivated and you will no longer be able to access the content.

Master

Master’s programme

Module 01 – Introduction – Course programme – Theory
Course on Computer-Assisted Translation – SDL Trados
Module 02 – Definition of a company – Shareholders – Double-entry Bookkeeping
Module 03 – Accounting equation – Income statement – Balance sheet
- Glossary 01 – Financial statements
Module 03a – Reporting formats – Translation
Module 04 – Financial indicators
Module 04a – Financial indicators – Exercise
Module 05 – Reclassification
Module 05a – Cash flow statement
Module 05b – Social security contributions – Exercise
Module 06 – Types of companies
Module 06a – Partnerships
Module 06b – Limited Liability Companies (Società a responsabilità limitata)
Module 06c – Joint-Stock Companies (Società per azioni)
- Glossary 02 – Articles of Association/Bylaws
Module 06d – Articles of Association/Bylaws – Translation
Module 06e – Governance
- Glossary 03 – Reports
Module 06f – Reports – Translation
- Glossary 04 – Press releases
Module 06g – Press releases and financial reports – Translation
Module 07 – Company valuations
Module 08 – Extraordinary transactions
Module 09 – Sale of companies
Module 10 – Contributions
Module 11 – Mergers
Module 12 – Leveraged Buy Out Mergers and Demergers
Module 13 – Conversion
Module 14 – Winding up
Module 15 – Lease of companies
- Glossary 05 – Mergers & Acquisitions
Module 15a – Merger deed – Translation
Module 16 – Company distress – Procedures
- Glossary 06 – Company distress
Module 17 – Financial planning – Exercise
Module 18 – Company income
Module 18a – Company income – Exercise
Module 19 – Value-Added Tax
Module 20 – Tax Residency
Module 21 – Taxation of Dividends
Module 22 – Transfer Pricing
- Glossary 07 – Tax Glossary
Module 22a – Transfer Pricing – Translation
Module 23 – Taxation principles
Module 24 – Markets, shares and bonds

Attendance certificate

At the end of the Master’s, you will be issued a certificate stating that you attended the course, sent to your e-mail address. If you choose to sit the final examination at Triple A, please follow the instructions below.

Final examination

At the end of the Master’s, you will be able to sit a final examination for a fee of €300.00 + VAT 22%. If you pass this examination, you will be able to register with the Lombardy Association of Expert Witnesses as an expert, thereby granting you authorisation to carry out sworn translations at the Court of Milan. The examination consists of a written translation test from English into Italian of approximately 6,600 words.

Students who pass the written examination will be admitted to the oral examination, which will be held online.

Internships

At the end of the Master’s, deserving students meeting legal requirements will be offered the chance of a 160 hour (4 week) internship with a language service provider or other company operating in the economic-financial sector.

Advantages for participants

AITI and ANITI learning credits

Completion of any Triple A Master’s is recognised in the form of learning credits by AITI and ANITI. ANITI recognises all our courses, whether in-person, remote or pre-recorded, and AITI recognises out in-person and remote live-attendance courses.

Special section on the CTI website for the best students

In order to provide immediate visibility to the best students, the names of those with a final grade between 95 and 100 will be published on the CTI website.

Lombardy Association of Expert Witnesses

A pass grade in the final examination of the Online Higher Education Master’s in Technical Translation for Translators and Interpreters in Economics and Finance will enable you to register with the Lombardy Association of Expert Witnesses – Foreign Language Category

RWS Discount – Trados and RWS training resources

Thanks to a special agreement with RWS, all of our students can buy RWS software (Trados) with a special exclusive discount.

To find out more, click here

Contact Us

To request information or to enrol, please fill out the form or send an email to: formazione@triplaaa.com.

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Opening times: Monday to Friday, 09:00-13:00 • 14:00-18:00

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(+39) 026691338

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info@triplaaa.com

More information and free trial lesson

For more information about our training facilities and the programme, you can access a free trial of the lectures at https://cti-communication.aplearning.eu/.

Registered students will be able to download as PDF files the slide deck of all the lectures by opening the “Bookshelf” section on the pop-up menu at the bottom of the screen. To open it, click on the blue arrow.

The platform itself contains a detailed instruction manual.