The currency of the immediate economic environment in which an entity operates, i.e. the one in which it earns and spends cash and which chiefly determines its costs and prices. This will sometimes differ from the currency in which its accounts are presented (the presentation currency), especially where the entity is part of a multinational group.
Any activities undertaken by an organization as part of its business, along with related undertakings, incidental activities, and arising events, typically included within routine operations.
