E1: 09: Balance Restatement CTA Formula Not As Per GAAP (R11414A)
Last updated on JULY 27, 2016
Applies to:JD Edwards EnterpriseOne General Ledger - Version XE to 9.1 [Release XE to 9.1]
Information in this document applies to any platform.
When running Balance restatement (R11414A), the formula used for calculating the Header and Detail CTA accounts balances is not correct as per GAAP requirments and JDE documentation.
The Detail CTA account should include unrealized gain/loss amounts due to rate changes on both the prior period balance and the current period activity per the following formula:
- CTA Adjustments = (From Current Period Balance * Current Exchange Rate)-(Previous Period To Ledger Balance + (From Ledger Current Period Posting * Current Exchange Rate) + Current Period To Ledger F0911 Adjustments)
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