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Finance shutterstock_344308292 - Coggle Diagram
Finance
Tax & Exchange Rates
Taxation
Structure/Framework
Specific to country/regions
Methodology
Evasion
Transfer Pricing
Good or Bad?
Ethics
Good for business
Bad for Government
Damaged reputation
Of business
Of Government
Regulation
Government interest
Dependent on the elected government
Other regulatory bodies
Levels of authority
Levels of governence
Country specific
Exchange Rates
Fluctuations
Devlaues or improves trade
Difficult to plan
Value of exports
Value of imports
Timing
Hedging policies/programmes
Balance of trade
Effects on currency value
Effects currency trade
Multi Nationals
Global economy
Impacts
Greater power
Where to put money
Greater influence on supply chains and banks
To choose currencies
Innovation
New products
Weatlh generation
Job creation
Market growth
Government interest
Job creation
Increase GDP
Policy match
Matches Gov interest
Supply chain creation
Reduced competition
Concentration of Power
Control of prices
Can stifle innovation
Too much control
Global Financial Institutions
IMF (International Monetary Fund)
Lend to countries who cannot get other forms of finance
World Bank
Policies to prevent poverty
Standards
IFRS - International Financial Reporting Standards
Transparancy
Accountability
Efficiancy
Applicable to Financial Markets
Improved accountability
Service to regulators
IASB
Accounting rules
Standard setters for IFRS
IFRS
Regulation
Globalised Flows
Balance of Payments
Current Account
Capital Account
Financial Account
Must balance
Foreign Direct Ivestment
Multinationals
FDI is % of GDP
Investing overseas
New markets
Surplus & Deficit countries
Deficit
Spends more outside of country
Reduced GDP
Fall in jobs
Economy not being stimulated
High borrowing
Surplus
Suprlus home genrated cash
Tend to OPEC Countries
