Kriza, Máté (2025) The Financial and Accounting Issues of the Circular Business Models. In: FENNTARTHATÓSÁGI ÁTMENET – INNOVÁCIÓS ÖKOSZISZTÉMÁK – DIGITÁLIS MEGOLDÁSOK: Konferenciakötet. Soproni Egyetem Kiadó, Sopron, pp. 503-515. ISBN 9789633345504
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Abstract
The concept of the circular economy has increasingly become part of the companies’ sustainability and resource efficiency narrative and practice in the past few years, but the practical application is still hampered by several obstacles and challenges. One of these issues is the financial measurement and the accounting practice of the circular business models which are often at odds with the classical accounting principles. As part of my PhD dissertation research, I am focusing in this paper on this important part of the circular business model application by systematically reviewing the international literature covering the theoretical and practical aspects of the circular finances and accounting. The outcome of this research has highlighted some key issues, like the long-term view of the circular business models, the deprecation method of the assets, and the lack of accounting of the negative environmental externalities in the classical accounting systems. As a consequence of these issues, it has become clear that there is an urgent need for a more holistic approach and methods to better evaluate and assess the financial and environmental impacts of the circular business models.
Tudományterület / tudományág
social sciences > business and management
social sciences > economic science(s)
Faculty
Not relevant
Institution
Soproni Egyetem
Item Type: | Book Section |
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SWORD Depositor: | Teszt Sword |
Depositing User: | Csaba Horváth |
Identification Number: | MTMT:3606353 |
Date Deposited: | 01 Apr 2025 10:54 |
Last Modified: | 01 Apr 2025 10:54 |
URI: | http://publicatio.uni-sopron.hu/id/eprint/3562 |
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