70% of Sri Lankan Tamils in Sri Lanka live in the Northern and Eastern provinces. Although Sri Lankan Tamils are culturally and linguistically distinct, genetic studies indicate that they are closely related to Sinhalese ethnic group in the island.
DEFINITION of 'Reporting Currency'. The currency which is used for an entity's financial statements. The reporting currency in financial statements and other financial reports are easiest to understand when they are compiled using only one currency.
Reporting in Hyperinflationary Economies. A number of similarities exist between U.S. GAAP and IFRS. with respect to accounting for foreign currency translation. issues. For example, both U.S. GAAP and IFRS require. entities to remeasure assets, liabilities, income and expenses. into the entityâs functional currency, which is the currency.