Please enable JavaScript.
Coggle requires JavaScript to display documents.
Finance In a Global Context - Coggle Diagram
Finance In a Global Context
Economic and financial flows
Financial Institutions
IMF
Stability of international monetary system
Enables countries to transact with each other
Monetary policies, structural reform
The World Bank
End extreme poverty
Promote shared Prosperity
FDI
Foreign investment
Operational control
Multinationals
Giant multinational companies
Choice of where to keep cash and what currency
Transfer pricing
Balance of Payments
Current Account
Imports/exports
Capital account
Capital to and from abroad
Financial account
Inflows, claims/liabilities
Tax considerations and exchange rates
International Tax rates
Taxing Corporations
Records mandatory contributions
Measures admin burden
Profit, corporate, social and labour taxes
Tax rates and multinational corporations
Transfer Pricing
Arms Length
Transfer Mispricing
Unitary taxation
BEPS
Corporate tax avoidance
Individual country reports
Master File
Local File
Exchange rate issues
Depreciation
Recession
Exports - less
Imports - more
Fundamentals of international reporting
Regulation
Stewardship
Managing national economy
Information for investors
Borrowed finerry
Imperialism
Taxation
Jurisdictions - different rules
Objectives of financial reporting
IASB
Guide standards
Qualities of essential reporting
Provide summarised information about assets
Contingent model
International accounting standards
Accounting rule changes
Means of regulation
Common law model
Roman law model
Cultural influences on accounting regulation
IFRS standards
Global markets require IFRS
Transparent, accountability, economic efficiency