1. Why are current, average, and historical consolidated rates the same by default? 2. Can the automatic CTA calculation be posted to the income statement rather than the balance sheet? I have a client where this is a necessary accounting policy.

Hi Chris. 1. When all 3 rates are the same, it typically means the month end consolidation rates calculation process has not been ran OR if manually been adjusted to be the same across all 3 types for each subsidiary-period combination. 2. Given the nature of CTA ( accounting for varying consolidation rate differences between balance sheet account types) the amount should be booked on B/S to make sure the consolidated B/S is balanced. Per my technical accounting director, the only times you would see CTA on an income statement is when there is a liquidation of a subsidiary and the CTA balance is journal'ed out of the B/S as part of the liquidation process (selling of assets, liabilities, and equity, which is where CTA sits).