Reporting currency

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 ?
For constant currency profit, translation is performed using the entity reporting currency. For constant currency sales, local currency rates are translated into the most relevant functional currency of the destination country of sale (for example, sales in Latin America are primarily made in US dollars, which is therefore used as the functional currency).
In addition, BigDish has changed its reporting currency to pound sterling from the US dollar, and has changed its year-end to March 31, in line with its subsidiary BigDish UK Ltd.
* Cabinet members obliged all governmental entities and ministries to change their reporting currency from US$ to EUR, effective immediately.
Reportedly, this Q1 2017 report is the first in which the company reports in euros following a decision at an EGM held on 22 December 2016 to change the reporting currency from SEK to EUR.
Reporting currency Where payments have been made in currencies other than the reporting currency (US$), the exchange rate existing at the time the payment is made has been used.
Foreign currency translation reserves arising due to translation of financial statements of a bank's foreign operations to the reporting currency may be considered as CET1 capital.
dollar compared to the Euro, Suominen's reporting currency increased the second quarter net sales by approximately 13 million [euro] ($14.4 million).
In these growth regions, sales both in the local currency and the reporting currency increased by double digit percentages.
Shares of QBE were down 5.4 per cent at $17 by late morning, compared with a 0.9 per cent rise in the benchmark S&P/ASX 200 index.Australia s biggest general insurer by premium income also said it was adopting the US dollar as its reporting currency because of its extensive international operations.
This clarifies the requirements for public-sector entities to convert foreign currency transactions and balances into their reporting currency and reflects the latest amendments to the corresponding IFRS.
InterContinental Hotels is to change the reporting currency of its group accounts from pounds sterling to US dollars.
These currencies are commonly categorized as home currencies, base currencies and a reporting currency.