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Conceptual Framework - Bulletin: The role of the business model in financial reporting



Project History


In 2012, EFRAG and the French Autorité des Normes Comptables (ANC), the Accounting Standards Committee of Germany (ASCG), the Italian Organismo Italiano di Contabilité (OIC) and the UK Financial Reporting Council (FRC) agreed to work in partnership to promote discussion, and to ensure that European views were influential in the debate on the IFRS Conceptual Framework.

On 8 July 2013, the partnership published a bulletin, The Role of the Business Model in Financial Reporting. This bulletin considers whether financial reporting based on the business model notion provides useful information.

Comments on this bulletin were invited by 30 September 2013. The comments received were considered in developing views so as to best express European views in the IASB consultation process.
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