Singapore's economy ranks 36th in the world and has a population of just over 5 million people. The economy is heavily dependent on trade flows and the government is promoting an active industrial strategy designed to diversify and strengthen the economy long-term and upgrade the skills of local workers. Below you can read more information about Singapore and its Global Dynamism Index ranking.
Many companies find the accounting for deferred tax causes significant practical difficulties. This guide summarises the approach required by IAS 12 'Income Taxes' and provides examples of the disclosures required by it. It also looks in detail at some of the more complex areas of preparation of a deferred tax computation, for example the calculation of deferred tax balances arising from business combinations.
Germany is the fourth largest economy in the world and the largest in Europe. The economy has not proved immune from the sovereign debt crisis in the Eurozone but it remains the third largest exporter in the world –in 2014 Germany recorded the largest trade surplus globally. Here's some guidance about expansion into Germany and how it fared in the Global Dynamism Index 2015.
Increasing attention on companies’ cash generation and liquidity position has led financial statement users, regulators and other commentators to focus increasingly on the Statement of Cash Flows. However, this additional focus and scrutiny has also highlighted some common errors and inconsistencies in its preparation. This Guide aims to remind management of IAS 7's basic requirements; highlight interpretative and practical application issues; and provide insights to address these issues.
As the fourth largest oil exporter in the world, Canada avoided recession during the financial crisis, but the dramatic and sustained fall in the global oil price leaves all sectors of the economy vulnerable. It's still coming in as the eleventh largest economy in the world in the 2015 Global Dynamism Index and it's home to 35 million people. Below you'll find tools to inform your international expansion.
China is the second largest economy in the world (although the largest on a purchasing power parity basis) and is home over 1.3 billion people. Growth has slowed over recent years as the government rebalances the economy away from investment towards consumption but remains well above 6% per annum. Here is some guidance about doing business in China and how it faired in the Global Dynamism Index 2015.
The Global Dynamism Index 2015 ranked the UK as the fifth largest economy in the world. It's home to more than 64 million people. Following a deep, prolonged recession, growth rates have been much greater than those achieved by its European neighbours over recent years. Concerns remain around the UK's place in the European Union, possible Scottish independence and the economic dominance of London. Here you'll find more about doing business in the UK.
According to the Global Dynamism Index 2015, Russia is home to over 143 million people and the tenth largest economy in the world. The drop in the global oil price (which, together with gas, accounts for more than 70% of exports) and economic sanctions following the Ukraine crisis have dampened short-term economic growth prospects. Further economic diversification and investment in infrastructure will be vital to restoring competitiveness. Here's some guidance about expanding into Russia.
Brazil is the seventh largest economy in the world and largest in Latin America. It has grown rapidly over the past decade due to an abundance of natural resources and a strong agricultural sector, swelling the middle classes, although investment in transport and power infrastructure are fundamental to ensure its continued economic development. Here is some guidance about doing business in Brazil and how it faired in the Global Dynamism Index 2015.
France has a population of over 66 million people and is the sixth largest economy in the world, the second largest in the Eurozone. The sovereign debt crisis has weighed heavily on growth although there are encouraging signs that the reform agenda is starting to gather momentum. Read about its ranking in the Global Dynamism Index 2015 and explore doing business in the country.
