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Finance in a Global Context - Coggle Diagram
Finance in a Global Context
Economic and Financial Flows
Global Trade Flows
Movement between countries
Exports
Imports
Trade Agreements (WTO)
International Financial Institutions
IMF
Offers Financial assistance
World Bank
Capital Flows
Movement of money abroad
Foreign Direct Investment (FD) e.g Mango expanding in US
Portfolio Investments
Tax and Exchange Rates
Tax rates
Tax Havens
Low/Zero taxes
Tax policies
Higher tax rates
Increase operating costs, reduce profits
Lower tax rates
Attracts Companies looking to reduce tax rates
Profit shifting
Exchange rate Fluctuations
Currency Appreciation/Depreciation
Affects investments/ profits
Influence international trade
Economic risk
Global competitiveness
Tax treaties
Prevent risk of double taxation
International Financial Reporting
International Financial Reporting Standards (IFRS)
Global Accounting rules
Transparency & Accountability & Efficiency
Not-For-Profit
IASB
key objective financial statements
assets
Liabilities
Equity
Income
Expenses