CTA Account financial definition of CTA Account
Cumulative Translation Adjustment Account (redirected from CTA Account)
Cumulative Translation Adjustment Account
On a balance sheet
, an account where a company reports fluctuations in exchange rates
that have occurred since it acquired an asset
in a foreign currency
. CTA accounts exist because FASB No. 52
requires companies to report assets held in foreign currencies to be reported at their current exchange rates.
References in periodicals archive
for the major share of both the cumulative first-year post-EVAR ED (69.2%) and the cumulative subsequent yearly ED (94.3%), while the EVAR procedure (27.7% of the first-year cumulative ED) and secondary endovascular procedures (3.1% of the first-year cumulative ED and 5.7% of the subsequent yearly ED) contributed only little to the total ED delivered to EVAR patients in our study.