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Finance in a Global Context - Coggle Diagram
Finance in a Global Context
Economic & Financial flows
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Roles of the International
Financial Institutes
International Monetary Fund
(IMF)
Assists countries in financial
troubles to borrow
Ensure stability of International
monetary system
189 members
10 main contributing countries
World Bank
Eradicate extreme poverty
Promote shared prosperity
Balance of payments
Current Account
Capital Account
Financial Account
Global imbalances
Portfolio investments
Foreign direct
investments (FDI)
Role of multi nationals
Flow of economic & financial
growth in economy
Provide innovative products
City Leadership &
business opportunities
City leadership
Main forms
Business
Civic
Managerial
Political
Elements of City Leadership
Processes
Actors
Structures
Modern cities role
Convergence
Innovation & collaboration
International
Financial Reporting :pen:
IFRS standards
The vision
Not changed since 2000
Standards
Developed by the IASB
16 x IFRS standards
41 x IAS standards
Transparency, accountability & efficiency
None profit
143 jurisdictions
Why jurisdiction
have different rules
Objectives of financial reporting
Contingent model of accounting change
Means of regulation
'Events, dear boy, events'
(MacMillan)
How financial regulation
evolves
Stewardship
Managing National Economy
Info for Investors
Borrowed Finery
Imperialism
Taxation