Treasury in Practice: Translation - Risk, Fair Value Hedge and Cash Flow Hedge "Additionally, Unilever believes that most currencies of major countries in which it operates will equalize against the euro over time." This analysis was pursued with special interest because the IFRS balance rules with regard to the Translation - risk do not considering the economic studies about the predicted future currency developments. It seems that the Translation - risk is essential underestimated. The book on hand contain the analysis of the 24 biggest, listed European companies within the Euro - Zone outside the banking sector with regard to their Currency-, interest rates- and commodity risk management. Here one could find names like Air Liquide, Airbus, Anheuser Busch, Carrefour, Danone, Inditex, LVMH, Orange, Repsol, Telefonica, Total and Unilever. The main focus is to reveal the typical mistakes and to calculate the dimension of the mistakes within the currency and derivative management. Therefore the IFRS balance sheets of each group of the years 2007 - 2014 were analyzed. Within the analysis the main focus were to the balance positions of the Translation - Risk, Fair Value Hedge, Cash Flow Hedge and all derivatives without documented hedge relation. The analysis results will surprise. Previously published books: 1) IRFS 9: Risk - Controlling IAS 39 / IFRS 7 Hedge Accounting VI 2) IFRS 9: Analyse der Fehler IAS 39 / IFRS 7 3) Currency Headwinds - Hedge Accounting V 4) Currency Headswind - Hedge Accounting V - Treasury in der Praxis 5) Treasury in Practice: 25 Dow Jones Groups - Hedge Accounting IV 6) Treasury in der Praxis: Devisen - und Derivate Management 7) Currency - and Financial Derivative Management in Practice: Hedge Accounting III 8) Mrd. Grab Devisenmanagement Teil III: Hedge Accounting III - 67 europäische Konzerne - 618 Mrd. Probleme 9) Treasury in Practice: Translation - Risk, Fair Value Hedge and Cash Flow Hedge: Hedge Accounting II 10) Mrd. - Grab Devisenmanagement Teil II: Hedge Accounting Soon appears: Hedge Accounting VII - Master Mind IFRS 9 - Routenplaner Corporate Finance