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Cumulative Translation Adjustment audit report

Hi There

I have the following scenario:

I have A GL account (10900) that is used for facilitating bank transfers. The account is denominated in $NZD.

One subsidiary (Subsidiary A) has a functional currency of $AUD. The other subsidiary (Subsidiary N) uses a currency of NZD as its functional currency.


Both of these entities are child subsidiaries of Subsidiary P (subsidiary P has a reporting and functional currency of $AUD). This is what the structure would look like:

The CTA audit report shows the following before the month end close process is run

The blue square represents the 10900 account in subsidiary N.

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