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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
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.