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.
The purpose of re-measurement is to restate transactions from one currency into the functional currency of the entity. Re-measurement is also required when a subsidiary's financial statements have been denominated in a currency other than the subsidiary's functional currency. 85.On January 1, 2008, Fandu Corp. started a foreign subsidiary. On April 1, 2008, the subsidiary purchased inventory costing 150,000 stickles.e-measurement is also required when a subsidiary's financial statements have been denominated in a currency other than the subsidiary's functional currency. 85. On January 1, 2008, Fandu Corp. started a foreign subsidiary. On April 1, 2008, the subsidiary purchased inventory costing 150,000 stickles.