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FINANCE IN GLOBAL CONTEXT - Coggle Diagram
FINANCE IN GLOBAL CONTEXT
REPORTING
Regulations
Differ in accountancy rules for different jurisdictions under the IASB and IRFS
IFRS
International Financial Reporting Standards Foundation
Standards set apply to most/all International organisations
IASB
International Accounting Standard Board**
Work under IFRS
Conceptional frameworks for organisations
Objectives for financial statements - useful to users for making decisions
Development
Economic
Colonisation (control)
Imperialism (economic domination)
TAX & EXCHANGE RATES
Tax Regimes
National
International
Tax Rules
followed by organsations globally
Different rules for different types of organisations in different countries
Impact shifts in supply & demand
demand changes - more impact of rules and regulations
supply changes - may use different organisations/countries
Balance of Payments
Current, Capital and Financial accounts
All become part of the reports
Portfolio Investments
Financial assets are brought + sold (financial investment)
Foreign direct Investments
securing operational control
Global imbalances
Comparative position of a country in relation to others
standardised reports - easy to compare
economic indictor of good/bad
to public or professional
Trading
Outflow money
Inflow money