IFRS & US GAAP Reporting Development for Srilanka company

How we can incorporate the reporting requirement of US GAAP

There is a company in Srilanka and has parent company in US, and closing for both the company are different can we complete this requirement by using currency restatement feature of jde.

If we create a ledger type for US gaap reporting and run the currency restatement for the same and run the annual close by ledger type for US in December.