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Cumulative Translation Adjustment (CTA) - FASB Statement 52. Would like to discuss How does NAV/B.C. handle this consolidation entry?

  • 1.  Cumulative Translation Adjustment (CTA) - FASB Statement 52. Would like to discuss How does NAV/B.C. handle this consolidation entry?

    SILVER CONTRIBUTOR
    Posted Aug 29, 2019 09:53 PM
    #ControlsandCompliance. If anyone has experience and procedures on setup required in the consolidation company I would like to know of any tips on how to setup properly.

    The cumulative translation adjustment (CTA) for a currency translation adjustment is an entry in the "Accumulated Other Comprehensive Income" section of the translated balance sheet, reflecting gains and losses caused by exchange rate fluctuations over the years.
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    David Cameron
    Microsoft Financial Consultant
    Templer Group
    ANCASTER ON
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