Please enable JavaScript.
Coggle requires JavaScript to display documents.
Financial in global content - Coggle Diagram
Financial in global content
Financial institute
World bank
:Establish after 1944
eradicate the poverty, share prosperity
made 0f 189 members
International monetary fund
establish after second war world
help countries that in financial instability
support the countries that effect by migrant crisis
providing a training for prevent a money laundry
offer tax cooperation
global imbalance
imbalance between countries
countries surplus linked with high domestic saving
countries deficit linked with high domestic spending
countries surplus force deficit countries to tackle the crisis by spending less and saving more to pay their debt
imbalance between public sector and private sector
public sector deficit
private sector saving
government engage to put more in money in bank
government are struggling to cope with uncertainty
International tax rates
paying tax record
small and medium companies a given year
contributions mandatory
tax and contribution include the profit
tax rates multinational cooperation
tax policy is diffcult
countries don't like other countries or agency to interfere in their tax legislation
companies shift profit across a borders to take advantage of tax rates called tax avoidance
fundamental of international financial reporting
regulation evolves
stewardship the simplest financial reporting
economic developement
colonialization, imperialism
jurisdictions have different rules
USA has common law system
Italy has roman code law system
IFRS (international accounting standars
issue in 2003
100 countries around the world use IFRS
set of global accounting standars
preparation of finincial statement