cta analysis

AI generated answer (using internal Slack threads):

Based on the conversations, here are the answers to the question about Cumulative Translation Adjustment (CTA) analysis: 1. The current, average, and historical consolidated rates are the same by default because the month-end consolidation rates calculation process has not been run or has been manually adjusted to be the same across all three types for each subsidiary-period combination. 2. The automatic CTA calculation is typically posted to the balance sheet rather than the income statement. This is because CTA accounts for varying consolidation rate differences between balance sheet account types, and the amount should be booked on the balance sheet to ensure the consolidated balance sheet is balanced. 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 journaled out of the balance sheet as part of the liquidation process. 3. There is a CTA report you can run directly, but it doesn't display the CTA elimination. To analyze this, you might need to pick up a set of intercompany transactions, break down the GL impact per subsidiary, and identify the trend. 4. The difference between system-generated accounts which are CTA and CTA-Elimination is that CTA-Elimination is mainly due to consolidated exchange rates and are from the elimination JE. CTA balances the balance sheet between different FX rates for assets and liabilities - and equity. For assets and liabilities, it is usually the current rate, for equity - historical. CTA records the difference (if any). ****** Disclaimer: This response was generated by an artificial intelligence assistant based on previous conversations from multiple Slack channels, and may contain inaccuracies or mistakes. ******