EFRAG establishes Advisory Panel on the Role of the Business Model in Financial Reporting
Dec 16, 2010
A project on the role of the business model in financial reporting has commenced as part of the pro-active work of the European Financial Reporting Advisory Group (EFRAG).
The objective of the project is to investigate the possible role of the business model concept within financial reporting. This investigation will include an assessment of the implications of the business model on recognition, measurement, presentation, disclosure and performance reporting within the wider financial report. The project aims to provide European input into the IASB's future consideration, development and use of the business model concept in financial reporting.
Please click for EFRAG press release for further details (link to EFRAG website).