Hi All. Asking for the best practice. If proven that the balance for "Cumulative Translation Adjustment-Elimination (CTA-E)" are mostly related to foreign currency translation adjustments, how do you usually settle it? the amount keeps getting accumulated in our account at the moment.

CTA doesn’t settle. It is simply the foreign currency impact of translating a balance sheet to the reporting currency.

Thanks @Jamie Houselog. Did further investigation and the big amount we see is due to old manual entries in the Elimination book (to force the balance), and duplicate entries due to Period Adjustment Closing. We will rectify accordingly