Please enable JavaScript.
Coggle requires JavaScript to display documents.
Finance Gloabal Context Relation - Coggle Diagram
Finance Gloabal Context Relation
Economic and Financial Flows
Global Imbalances
Balance of Payments
The Capital account
All capital transfers to and from abroad
The Financial account
Claims on financial assets
Records of direct investments
Records financial inflows
Current Account
Imports and exports payments
FDI - foreign Direct Investments
Investments made by companies buy plants in other countries
Tax Considerations and exchange rates
Tax rates and multinational corporations
Transfer Price
Tax avoidance. Being taxed in a country of lower rates.
BEPS - Base Erosion Profit Shifting
Tax evasion costs countries billions annually and is a concern for developed/developing countries
Exchange rates
Supply and demand for currency
Government intervention on the exchange rate value
Fundementals of international financial reporting
Evolving financial regulations
Stewardship report
Regulated reporting
Information for investors
Borrowed finery
Utilised legislations
Imperialism
Transferred regulations across borders
Taxation
Government need for tax assessment
Government mandated set of rules
Jurisdictions different rules
Setting of standards of information provided
Comparable and consistent
Contingent model of accounting
Means of regulations across cultures
IFRS - International Financing Reporting Standards