Reporting currency

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Reporting currency

The currency in which the parent firm prepares its own financial statements; that is, US dollars for a US company.

Reporting Currency

The currency a publicly-traded company, investment company, or other organization uses in its financial statements and other reports. Generally speaking, the reporting currency is the domestic currency, but this is not always the case. It is important for an investor or auditor to note the reporting currency, especially when a company has international investments or interests.
References in periodicals archive ?
Niku 6 lets companies conducting business in multiple currencies track its finances in numerous currency categories including natural or transaction currency, entity home currency, project billing currency, euro currency, and entity reporting currency as well as additional optional reporting currencies.
1 delivers support for Multiple Reporting Currencies (MRC), offering advantages for companies that must manage archived data in global economies.
Up to 10 alternative reporting currencies can be defined with the ability to specify the currency required for reports or queries.
It also means, for example, maintaining the general ledger in the local currency and in any number of reporting currencies, as well as in the euro.