Finance relates to each other in a global context
Economic and financial flows
The balance of payments
Foreign direct investments
Transfer pricing
The arm’s-length principle
Transfer mispricing
unitary taxation with profit apportionment
The foreign exchange market
Supply of pounds to the foreign currency market
Demand for pounds from abroad
Reaching equilibrium in the currency markets
Shifts in supply of the currency
Changes in supply of and demand for a currency
Why do changes in exchange rates matter
The McBurger index
Overcoming exchange rate problems
The impact of an exchange rate
Government intervention in the foreign currency markets
The euro
How financial regulation evolves
Stewardship
Managing the national economy
Information for investors
Borrowed finery
Imperialism
Taxation
Why jurisdictions have different rules
Objectives of financial reporting
Contingent model of accounting change
Means of regulation
Mission of the IFRS Foundation and the IASB
The vision
What are IFRS Standards
How IFRS Standards are developed
The process for developing IFRS Standards
Why adopt IFRS Standards?
Overview of IFRS Standards
The conceptual framework for financial reporting
IFRS Standards
IAS Standards
(IFRS for SMEs Standard)
The role of international financial institutions
The World Bank
International Monetary Fund (IMF)
two goals for the world to achieve by 2030
End extreme poverty
Promote shared prosperity
Help countries that are in financial trouble to borrow money
Ensure the stability of the international monetary system
Shifts in demand for a currency