What refers to exchange rates that are managed per version of the model?

Version-Specific Exchange Rates refers to exchange rates that can be adjusted or defined differently based on each specific version of a financial model. This capability allows organizations to accurately reflect the impact of fluctuating currency values on their financials for different scenarios or planning versions. By having the flexibility to set unique exchange rates for each version, companies can improve the precision of their forecasting and budgeting processes, ensuring that their financial reports are relevant and tailored to specific conditions or time frames.

The other terms, while related to exchange rates in financial reporting and analysis, do not specifically denote the ability to manage exchange rates on a per-version basis in a planning model. Cumulative Translation Adjustment relates more to the accounting for foreign currency translations at a consolidated level, while Income Statement and Balance Sheet Exchange Rates refer to general practices regarding currency translation for different financial statements rather than specific to versions of a model.