FASB 52 Override

Your business situation may not require FASB52 compliance for ledger consolidation.

To create CTA Adjustment (CTA ADJ) ledger transactions for all Revenue, Expense, and Owners' Equity accounts, regardless of the currency translation method, select this check box.

When this check box is cleared, only Revenue and Expense accounts with the Average translation method, and Owner's Equity accounts with the Spot translation method, are considered for CTA Adjustment. The system creates CTA ADJ ledger transactions in the upper-level entities for those Chart of Account records where Account Type is Revenue or Expense and Currency Translation Method is Average, and Chart of Account records where Account Type is Owner's Equity and Currency Translation Method is Spot.