In corporations it is quite common to find multicurrency financial models where a large portion of the data is already in the desired reporting currency. For example, a US based company may have facilities located in Germany and Canada which requires data to be loaded in their local currencies for internal reporting purposes. However, for management and external reporting purposes financial statements are prepared only in US Dollars (the reporting currency).
In corporations it is quite common to find multicurrency financial models where a large portion of the data is already in the desired reporting currency. For example, a US based company may have facilities located in Germany and Canada which requires data to be loaded in their local currencies for internal reporting purposes. However, for management and external reporting purposes financial statements are prepared only in US Dollars (the reporting currency).