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B207: Block 2 Finance in a global context - Coggle Diagram
B207: Block 2 Finance in a global context
Economic and financial flows in a globalised world
The role of international financial institutions
The IMF
The World Bank
Economic and financial flows in a globalised world
The balance of payments
Global imbalances
Foreign direct investments
Portfolio investments
Global imbalances
Public sector
Private sector
The role of multinationals
Policy making
Tax considerations and exchange rates
International tax rates
Tax competition
Paying taxes
Tax rates and multinational corporations
Tax avoidance
Base Erosion and Profit Shifting (BEPS)
Tax Reporting
Exchange rate issues for business
Exchange rate fluctuations
The foreign exchange market
Fundamentals of international financial reporting
How regulation evolved
IFRS
Tax rules
Economic development
Borrowed legislation
Colonisation and imperialism
Why jurisdictions have different rules
The International Accounting Standards Board (IASB)
Contingent model of accounting change
Means of regulation
IFRS Standars
The International Accounting Standards Board (IASB)
IFRS Standards
prescribe:
the items that should be recognised as assets, liabilities, income and expense
how to measure those items
how to present them in a set of financial statements
related disclosures about those items
Accounting policies