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.
Foreign Currency Translation and Re-measurement. Both translation and re-measurement are based on multiplying the reported foreign currency balance times a fraction which is the value of desired currency/equivalent value of the foreign currency. In either case, there are two accounting problems to address: