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.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
References in periodicals archive ?
Organizations with extensive multinational operations can now maintain an unlimited number of local, functional, base and reporting currencies.