IFRS 9 and its behavior in the cycle: The evidence on EU countries

The term ?business model' has recently attracted increased attention in the context of financial reporting and was formally introduced into the IFRS literature when IFRS 9 Financial Instruments was published in November 2009. However, IFRS 9 did not fully define the term ‘business model'. Furthermore, the literature on business models is quite diverse. It has been conducted in largely isolated fashion; therefore, no generally accepted definition of ?business model' has emerged. Therefore, a better understanding of the notion itself should be developed before further investigating its potential role within financial reporting. The aim of this paper is to highlight some of the perceived key themes and to identify other bases for grouping/organizing the literature based on business models. The contributions this paper makes to the literature are twofold: first, it complements previous review papers on business models; second, it contains a clear position on the distinction between the notions of the business model and strategy, which many authors identify as a key element in better explaining and communicating the notion of the business model. In this author's opinion, the term ‘strategy' is a dynamic and forward-looking notion, a sort of directional roadmap for future courses of action, whereas, ‘business model' is a more static notion, reflecting the conceptualisation of the company's underlying core business logic. The conclusion contains the author's thoughts on the role of the business model in financial reporting.

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University Financial Sustainability: A comparison between Italy and other EU Countries (Part II: The Analysis)

RIVISTA DI STUDI SULLA SOSTENIBILITA ◽

10.3280/riss2016-001009 ◽

2016 ◽

pp. 103-129 ◽

Cited By ~ 1

Author(s):

Francesca Mandanici ◽

Roberta Pace

Keyword(s):

Financial Sustainability ◽

Eu Countries

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Forming an effective financial and investment environment in the eu countries-experience for Ukraine

Problems of Innovation and Investment Development ◽

10.33813/2224-1213.20.2019.1 ◽

2019 ◽

pp. 4-13

Author(s):

Ryzhyuk Yevgeny

Keyword(s):

Banking System ◽

Executive Branch ◽

Investment Environment ◽

Financial Investment ◽

Eu Countries ◽

Currency Exchange ◽

Clearing System ◽

Financial Infrastructure ◽

Supranational Level ◽

The Eu

The subject of the research is a set of institutional institutions and organizational and managerial relations that effectively regulate the financial and investment environment in the EU countries, comparing them with Ukrainian realities.The goal of writing this article is to develop practical and scientific-methodicalrecommendations on how to increase the efficiency of using financial and investment potential based on the experience of EU countries. The methodology of thework-system-structural and comparative studies (to understand the logic of thefunctioning of institutions that form the investment environment and the mechanisms of their interaction); monographic analysis (in studying the problems ofattracting investors); historical and economic analysis (in assessing the state andprospects of the European, as well as the Ukrainian economy). Results of work -it is revealed that modern European regulators are aimed at forming a holisticinvestment and financial infrastructure and investment platform at the supranational level. It was proposed to carry out further liberalization of currency regulation in Ukraine in order to transform it into a convenient and efficient electronicautomated currency exchange system and introduce the integration of the domestic depository system into the international depositary clearing system Clearstream.It was noted that the financial and investment environment in Ukraine is blockedand domestic monopolies are interested in this, thanks to lobbying in the Verkhovna Rada of Ukraine and in the executive branch they have distorted financial,investment and currency legislation for their interests and needs. Conclusions-thepresence of a holistic investment and financial infrastructure in the EU countriesis due to the gradual convergence and unification of legislation at the nationallevel to the supranational level. In addition, it is reasonably high investment positions of Ireland in the world and it was proposed to use this experience to createa favorable financial and investment environment in Ukraine. Note that the formation of the financial and investment environment in Ukraine according to European standards is hampered by: oligarchic monopolies, which parasitizes mainly onnatural monopolies; government corruption; confusing and incomprehensible legislation for investors; high tax rates and tax administration system; instability ofthe banking system, the risks of hryvnia devaluation; the insecurity of landagrarian relations; as well as armed conflict in the east of Ukraine.

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Zum inkonsistenten Inhalt des Geschäftsmodellbegriffs in IFRS 9

Zeitschrift für Bankrecht und Bankwirtschaft ◽

10.15375/zbb-2019-0308 ◽

2019 ◽

Vol 31 (3) ◽

pp. 217-223

Author(s):

Felix Krauß

Keyword(s):

Ifrs 9

Zusammenfassung Obwohl innerhalb der IFRS keine explizite Begriffsdefinition des Geschäftsmodells erfolgt, ist dennoch eine einheitliche Verwendung des Terms in IFRS 9 grundsätzlich wünschenswert. Allerdings lässt sich auf Grundlage der Kategorisierungsvorschriften auf der einen und der Umgliederungsvorschriften auf der anderen Seite ein jeweils abweichender Inhalt des Geschäftsmodellbegriffs ableiten, was die allgemein mit dem Begriff verbundenen Verständnisprobleme befördert. Dem kommt auch eine aufsichtsrechtliche Relevanz dahingehend zu, als dass die aufsichtsrechtliche Anlage- bzw. Handelsbuchzuordnung grundsätzlich konsistent zum Geschäftsmodell des IFRS 9 erfolgen sollte. Ein einheitlicher Begriffsinhalt wäre dabei bereits durch eine nur geringfügige, klarstellende Änderung des Standards zu erreichen.

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