DEFINITION
A bunch of principles and norms that helps us register, classify and analize the financial transactions if companies that work in multiple countries.
International Accounting
Converting one currency into another.
Currency conversion
The movement of people between countries, which can impact labor markets.
Migration
Member of One Direction that died last year.
Liam Payne
The U.S. implementing new tariffs to all countries is an example of an international event that can affect...
Global Economy
Help people compare and understand the financial information between countries and cultures.
This is the _______ of international accounting
Purpose
Any financial transaction where the payer and the payee are located in different countries.
International transaction
- Cheaper labor in developing countries.
- Wider market.
These are examples of...
Pros of the global economy
My favorite color
Pink
People from Honduras coming to Mexicali is an example of...
Migration
IASB stands for...
International Accounting Standars Board
- Buying online
- Wire transfers
- Online payment platforms
These are examples of...
International transactions
Purchase and sale of goods and services by companies in different countries.
International trade
Puerto rican rapper that after 32 years of career decided to retire and devote his life to God.
Daddy Yankee
Russia reducing the natural gas exports to Europe and causing them inflation is an example of...
Geopolitics
NIIF stands for...
Normas Internacionales de Información Financiera
- Purchase of raw material
- Sale of machinery
- Purchase and sale of food
These are examples of...
International trades
- More competition in the market.
- Uneven economic development.
These two examples are...
Cons of the global economy
Musical duo that plays the song I recommended the first day of class.
Twenty One Piltos
Korea having manufacturing companies in Mexico is an example of...
Foreign Direct Investment
The IAS 7, helps us do the correct presentation of...
Cash flows
International transactions are also know as...
cross-border transaction
Refers to the interconnected worldwide economic activities that take place between multiple countries.
Global Economy
He plays Mister Fantastic in the new The Fantastic 4 movie.
Pedro Pascal
PEPSI in the US buying plastic bottles from China.
International trade