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CICTA Complex calculation

edited Jun 10, 2020 5:21PM in Financial Consolidation and Close 2 comments

Summary

Challenging business case for CICTA calculation

Content

Hello All,
I have a case for the CICTA calculation as following :
Total equity to be translated with the historical Rate and will be presented in the balance sheet with the historical amount,but every year we made Re-translate the equity with opening rate for the period and the ending rate and the the gain or loss for this going to CTA account, in the same time the equity must stay with the historical amount in the balance sheet.
also if we use the historical rate with ending rate the cumulative gain or loss will calculated and transferred to CICTA account without catching the movement for the period.

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