Essentially, they continue to recognize currency translation adjustments in OCI and continue to translate all assets and liabilities at current translation rates.
What does CTA stand for?
CTA stands for Currency Translation Adjustment
This definition appears somewhat frequently and is found in the following Acronym Finder categories:
- Business, finance, etc.
See other definitions of CTA
We have 616 other meanings of CTA in our Acronym Attic
- Critical Thinking Appraisal
- Critical Threat Analysis
- Croatian Telecommunications Agency
- Cross Track Angle
- Cross Traffic Alert (vehicle radar)
- Cryptologic Technician Administrative (US Navy)
- Cuenta (Spanish: account)
- Cuff Tear Arthropathy
- Cum Testamento Annexo (Latin: With the Will Attached)
- Cumulative Translation Adjustment (accounting)
Samples in periodicals archive:
About $13-million of that loss represents cumulative foreign currency translation adjustments recorded since acquisition of Widia in 1995.
A decrease in the position in Mexico was more than accounted for by large negative currency translation adjustments resulting from the sharp depreciation of the peso against the U.
1) (BEA had, in June 1990, already excluded capital gains and losses associated with currency translation adjustments from these items.
The full-year range remains intact even with a forecasted currency translation adjustment of between 6 and 7 cents of earnings for the second half of the year due to the declining Euro.
In addition, Autoliv's balance sheet exposure to currency translation adjustments ("CTA") will be significantly reduced.
Consequent to the asset sale and future plant closure, the Company incurred termination and other costs and realization of cumulative currency translation adjustments totaling $5.
In accordance with US-GAAP the amount is shown as foreign currency translation adjustments in the profit-and-loss statement.