Definizione di attività aziendale secondo l’IFRS 3 e creazione di valore condiviso

The European Parliament amended the IFRS 3 international accounting standard relating to “business combinations” through Regulation (EU) 2020/551. The purpose of this research is to clarify how the definition of business value creation is enriched for oneself and for the environment and the surrounding society, also following the changes made to the concept of business activity. The interest in this topic arises from the fact that in practical application difficulties are often encountered in the very definition of “business activity”. An integrated set of activities and goods must encompass two fundamental elements: the factors of production and the processes applied to these factors. What is important to emphasize is that a business activity does not necessarily have to include all the production factors or all the processes employed by the seller in conducting this business. The paper will examine the modification of the definition of a business activity and will focus on understanding when an acquired process is substantial. Subsequently, the concept of creating company value will be analysed in a perspective and shared vision. Shared value is a strategic approach that looks to corporate sustainability to maximize the creation of joint value for both the company and the stakeholders by focusing on specific areas of activity with greater potential. The enterprise cannot ignore a healthy social and territorial context and collaborating to obtain it is part of its objectives. The analysis will conclude with some reflections on the introduction of the integrated report that allows decision makers to highlight future opportunities for the company and not just previous performances and to improve the representation of risk factors, constantly evaluating and monitoring them.