Horizontal Flows (Application Dimension)
- External → Internal: Market data, regulatory requirements, investor feedback, credit ratings
- Internal → External: Financial reports, guidance, strategic communications, dividend policies
Vertical Flows (Construction Dimension)
- Economics → Accounting: Strategic decisions become recorded transactions, market values become book values
- Accounting → Economics: Historical data informs future strategy, compliance constraints shape economic decisions
Cross-Quadrant Information Dependencies
Investment/Trading ←→ Corporate Finance
↕ ↕
Audit/Tax ←→ FP&A/Treasury
Key Information Asymmetries:
- Market participants vs. company insiders
- Management vs. shareholders
- Current vs. future stakeholders
- Regulated vs. unregulated information