Please enable JavaScript.

Coggle requires JavaScript to display documents.

Finance in globalised context - Coggle Diagram

- - - - Provide Global Standards
        
        Transparancy
        
        Accountabilty
        
        Efficiency
      - In public interest to
        
        Foster Trust
        
        Growth
        
        Long term financial stability
        
        standards are developed
        
        Agenda Consultation
        
        Request Information
        
        3-5 year plan
        
        Research Programme
        
        Rea
        
        search
        
        Disscussion paper
        
        Agenda proposel
        
        Standards Development
        
        Exposure draft
        
        Final IFRS standard
        
        Implemention
        
        Narrow scope ammendment
        
        Post-implementation review
      - IFRS
        
        International Financial Reporting Standards
      - IASB
        
        International Accounting Standards Board
  - - - The Current Account
        
        Registers
        
        Incomes & transfers of money to and from abroad made by individuals
        
        Import & Export for trade in goods and/or services
      - The capital Account
        
        Records
        
        All transfers of capital to & from abroad
      - The Financial Account
        
        Records
        
        Finanical inflows
        
        covers
        
        claims on liabilities to non-residents, specifically in regards to financial assess
    - - Surplus
        
        Incomes transfers of money form abroad that exceed the amount of money paid or transferred to forgetting markets
        
        Export more than they import in goods & services traded
      - Deficit
        
        A country that is borrowing money to purchase goods & services outside the country
    - - Form of investment by companies (multinationals) to establish plants or offices in other countries
        
        To produce or sell their products & services in other countries in the world
        
        Multinationals operate in at least 2 different countries
      - Aimed at securing operational control
  - - - Innovated products
      - Free Services
    - - Tax Avoidance
      - More Power between fewer actors
    - - Anti-trust for Digital Age
      - More Alert to long term consequences
      - Making it easier move data from one company to another
      - Making sure there is a choice
      - Preventing tech firms from unfairly privileging their own services