International Finance

International Finance

Covered content
• Introduction
• Objectives of developing international accounting standards
• Relevant accounting standards for specific financial
situation.
• Value and importance of marketing role in TUI
• Conclusion
• References

Introduction
The term international finance can be defined as a branch of
financial economics that is related to the monetary and macro
economic relation between two or more then two nations.

Objectives of developing international
accounting standards
International accounting standards(IAS)- The international
accounting standards are being replaced by international
financial reporting standards in year 2001. These standards
are related to the providing the equal language for all
business transaction. The purpose of these accounting
standard is to making the accounting statements comparable
and understandable in all around the world.