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Dr. ALESSIO FACCIA
Coventry University

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0 Accounting Analysis
0 Accounting Management
0 Finance Law
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Journal article
Published: 09 August 2021 in Sustainability
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Corporate financial statements address multiple stakeholders’ needs. International Financial Reporting Standards (IFRSs), among others, allow two different classifications, “by function of expense” and “by nature of expense”, for the statement of profit and loss and other comprehensive income for the period (from now on, also identified in short as “Income Statement”, or “IS”). XBRL standards ensure compliance and consistency in financial statements’ drafting and filing. XBRL taxonomies reflect the Income Statement IFRS disclosure requirement in the {310000} and {320000} codifications, respectively. Given the recent EU enhanced regulations that proposed extend mandatory ESG reporting to SMEs, this study aims to design and recommend an additional Income Statement to embed structured Environmental, Social, and Governance (ESG) disclosure. A restatement of the IS is organised following an adjusted Value-Added perspective to fit the purpose of sustainability disclosure. The above-mentioned Income Statement should be suitable and adaptable for entities of any size and operating in any industry. This goal can be achieved through customised input weighting. Therefore, this applied research can fill a current financial ESG disclosure gap, ensuring financial statements’ comparability and encouraging additional mandatory disclosures through standardisation. Two more items in the XBRL (IFRS-based) structure are suggested, leading to the introduction of one fully structured statement “{330000}—Statement of comprehensive income, profit or loss, by Added Value, ESG based” and a semi-structured “{814000}—Notes—ESG Ratings and Reporting” to better discuss and disclose the assumptions and results of the ESG Statement.

ACS Style

Alessio Faccia; Francesco Manni; Fabian Capitanio. Mandatory ESG Reporting and XBRL Taxonomies Combination: ESG Ratings and Income Statement, a Sustainable Value-Added Disclosure. Sustainability 2021, 13, 8876 .

AMA Style

Alessio Faccia, Francesco Manni, Fabian Capitanio. Mandatory ESG Reporting and XBRL Taxonomies Combination: ESG Ratings and Income Statement, a Sustainable Value-Added Disclosure. Sustainability. 2021; 13 (16):8876.

Chicago/Turabian Style

Alessio Faccia; Francesco Manni; Fabian Capitanio. 2021. "Mandatory ESG Reporting and XBRL Taxonomies Combination: ESG Ratings and Income Statement, a Sustainable Value-Added Disclosure." Sustainability 13, no. 16: 8876.

Journal article
Published: 07 January 2021 in Journal of Open Innovation: Technology, Market, and Complexity
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Among the hot research topics, Fintech is leading the trend in terms of the newest technology applications. The relatively new emerging paradigms in various sciences, such as geometry (fractals), physics (quantum), and database systems (distributed ledger—blockchain), seem to potentially contribute to a greater shift in the framework of the finance industry, bringing also some concerns (cyber-threats). Consistent and extensive investigation of the reasonable potential impact of these new models (and their underlying technologies) is performed, and then tested through a SWOT analysis, as the main objective of this research. Threats and opportunities are always intrinsically driven by the introduction of technological advancements (revolutions). This research confirms that information availability and the increasing interconnection of crosswise applications of each discovery to the different fields of science is determining the rapid succession of revolutions identified by evident large shifts in economic paradigms. The growing computing capacity and the development of increasingly powerful predictive software are leading to a competitive, extremely dynamic, and challenging system. In this context, as shown by history, there is a high possibility of market concentration in which, however, only a few corporations—digital giants—can afford to develop these technologies, consolidating their dominance.

ACS Style

Narcisa Mosteanu; Alessio Faccia. Fintech Frontiers in Quantum Computing, Fractals, and Blockchain Distributed Ledger: Paradigm Shifts and Open Innovation. Journal of Open Innovation: Technology, Market, and Complexity 2021, 7, 19 .

AMA Style

Narcisa Mosteanu, Alessio Faccia. Fintech Frontiers in Quantum Computing, Fractals, and Blockchain Distributed Ledger: Paradigm Shifts and Open Innovation. Journal of Open Innovation: Technology, Market, and Complexity. 2021; 7 (1):19.

Chicago/Turabian Style

Narcisa Mosteanu; Alessio Faccia. 2021. "Fintech Frontiers in Quantum Computing, Fractals, and Blockchain Distributed Ledger: Paradigm Shifts and Open Innovation." Journal of Open Innovation: Technology, Market, and Complexity 7, no. 1: 19.

Journal article
Published: 01 January 2021 in Financial Markets, Institutions and Risks
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Given the great interest and impact generated by the previous article on the “Widiba Bank” case study published in this journal, the authors intend now to provide more insights on the analysis of the current Italian framework. A PESTLE analysis is therefore carried out to identify the main financial and environmental alternative strategies. The object of research is the chosen company Widiba Bank because, despite being a latecomer in the Italian online banking industry, its success demonstrated the importance of the adoption of targeted strategies in the digitized world. The performed analysis PESTLE allowed to provide many insights from different perspectives. The paper then confirmed the analyses by comparing the last 5 years’ performances (measured by the ROE ratio and Deposits Growth as Inputs, and Assets Growth as an Output) of the Italian Online Banking industry (average of the years 2016-2019). The data are retrieved from the Italian Public Registry of Incorporated Companies (managed by the Italian Chambers of Commerce) and processed using the DEA SOLVER software. This article strategically enhanced the knowledge of a previous one focused on the same bank by providing different perspectives and, therefore, a comprehensive view of the Widiba bank case study. It, therefore, aims at producing useful resources for business schools, practitioners, and experts.

ACS Style

Alessio Faccia; Luigi Pio Leonardo Cavaliere. Online Banking in Italy. “Widiba Bank” Case Study, PESTLE and DEA Analysis. Financial Markets, Institutions and Risks 2021, 5, 1 .

AMA Style

Alessio Faccia, Luigi Pio Leonardo Cavaliere. Online Banking in Italy. “Widiba Bank” Case Study, PESTLE and DEA Analysis. Financial Markets, Institutions and Risks. 2021; 5 (1):1.

Chicago/Turabian Style

Alessio Faccia; Luigi Pio Leonardo Cavaliere. 2021. "Online Banking in Italy. “Widiba Bank” Case Study, PESTLE and DEA Analysis." Financial Markets, Institutions and Risks 5, no. 1: 1.

Conference paper
Published: 18 December 2020 in 2020 The 4th International Conference on Software and e-Business
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ACS Style

Ahmed Eltweri; Alessio Faccia; Narcisa Roxana Moþteanu; Nedal Sawan; Luigi Pio Leonardo Cavaliere. The Role of Risk Management in Auditing E-Business. 2020 The 4th International Conference on Software and e-Business 2020 .

AMA Style

Ahmed Eltweri, Alessio Faccia, Narcisa Roxana Moþteanu, Nedal Sawan, Luigi Pio Leonardo Cavaliere. The Role of Risk Management in Auditing E-Business. 2020 The 4th International Conference on Software and e-Business. 2020; ():.

Chicago/Turabian Style

Ahmed Eltweri; Alessio Faccia; Narcisa Roxana Moþteanu; Nedal Sawan; Luigi Pio Leonardo Cavaliere. 2020. "The Role of Risk Management in Auditing E-Business." 2020 The 4th International Conference on Software and e-Business , no. : .

Journal article
Published: 25 November 2020 in Sustainability
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All sports have their roots and connection in some way to the Olympic spirit, and therefore fall within the vision and mission of the Olympic Committee, which has a central aim of “building a better world”. This is a fundamental value of the Olympics and sustainability is a “working principle” of this. This research analyses the performance of professional European football teams that are publicly listed on stock markets, analysing their income statements and factoring in how the value-added perspective is impacting professional sport. The methodology we use considers the sustainable contribution of the distribution of added value. The Value-Added Statement is considered as a part of broader Corporate Social Responsibility (CSR), which can be traced back as a concept to the late 1970s. It is still in widespread use and is regarded as being both a credible and a tested measure. In this paper, the authors apply a slightly modified and simplified version of this value-added approach to all publicly listed European football clubs and use these as a proxy for wider professional sport. This research demonstrates that, although most professional sports clubs are profit-oriented, the distribution of wealth generated by the added value is unbalanced. In most cases, at least in financial terms, the data shows shareholders are the most disadvantaged, whereas athletes are the most rewarded.

ACS Style

Alessio Faccia; Leonardo Mataruna-Dos-Santos; Hussein Munoz Helù; Daniel Range. Measuring and Monitoring Sustainability in Listed European Football Clubs: A Value-Added Reporting Perspective. Sustainability 2020, 12, 9853 .

AMA Style

Alessio Faccia, Leonardo Mataruna-Dos-Santos, Hussein Munoz Helù, Daniel Range. Measuring and Monitoring Sustainability in Listed European Football Clubs: A Value-Added Reporting Perspective. Sustainability. 2020; 12 (23):9853.

Chicago/Turabian Style

Alessio Faccia; Leonardo Mataruna-Dos-Santos; Hussein Munoz Helù; Daniel Range. 2020. "Measuring and Monitoring Sustainability in Listed European Football Clubs: A Value-Added Reporting Perspective." Sustainability 12, no. 23: 9853.

Preprint
Published: 28 October 2020
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Sports are framed within the context of the Olympic spirit and are, therefore, within the vision and mission of the Olympic Committee, aimed at “building a better world”. This is identified as a fundamental value and sustainability is therefore explicitly considered to be a “working principle” of this. In this research an analysis of the performance of professional European football teams publicly listed on stock markets, restating the income statements according to the Value-Added perspective is carried out. This takes into account the effective sustainable contribution in the distribution of added value with reference to the human, structural, debt, infrastructural, and risk capitals of these organisations. The Value-Added Statement is considered as a part of the broader CSR Reporting and can be traced back to the late 1970s. However, it is in widespread contemporary use and is regarded as being both a credible and a tested measure. In this paper, the authors apply a slightly modified and simplified version of this tool to these publicly listed European football clubs as a proxy for wider professional sport. This research demonstrates that, although professional sports clubs are profit-oriented, the distribution of wealth generated by the added value is unbalanced. In most cases, at least in financial terms, shareholders are the most disadvantaged and athletes are the most rewarded.

ACS Style

Alessio Faccia; Leonardo Josè Mataruna-Dos-Santos; Hussein Munoz Helù; Daniel Range. Measuring and Monitoring Sustainability in Listed European Football Clubs: A Value-Added Reporting Perspective. 2020, 1 .

AMA Style

Alessio Faccia, Leonardo Josè Mataruna-Dos-Santos, Hussein Munoz Helù, Daniel Range. Measuring and Monitoring Sustainability in Listed European Football Clubs: A Value-Added Reporting Perspective. . 2020; ():1.

Chicago/Turabian Style

Alessio Faccia; Leonardo Josè Mataruna-Dos-Santos; Hussein Munoz Helù; Daniel Range. 2020. "Measuring and Monitoring Sustainability in Listed European Football Clubs: A Value-Added Reporting Perspective." , no. : 1.

Preprint
Published: 30 September 2020
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The business planning process can be considered as a strategic phase of any business. Given that the business plan is a management accounting tool, there are countless approaches that can be adopted to prepare it since there is no legal requirement, as opposed to obligations relating to financial accounting. However, in general, every business plan consists of a numerical part (budget) and a narrative part. In this research, the author highlights, on the basis of experiences and commonly used theories, a standard process that can be adaptable to the business plan of any type of activity. The use of big data is highlighted as an essential part of feeding the data of almost all the steps of the budget. The author then manages to determine a generally applicable standard process, indicating all the data necessary to prepare an accurate and reliable business plan. A case study will provide adequate support to the demonstration of the immediate applicability of the proposed model.

ACS Style

Alessio Faccia. Big Data-driven Budgeting and Business Planning. 2020, 1 .

AMA Style

Alessio Faccia. Big Data-driven Budgeting and Business Planning. . 2020; ():1.

Chicago/Turabian Style

Alessio Faccia. 2020. "Big Data-driven Budgeting and Business Planning." , no. : 1.

Journal article
Published: 01 January 2020 in Journal of Governance and Regulation
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This paper examines the role played by the culture on the adoption of the International Standards on Auditing (referred to as ISA henceforth) that intends to stimulate establishing an efficient auditing regime in Libyan auditing practice. The current research conducted interviews with 43 participants across five Libyan key stakeholders in the auditing environment. The methodology employed was in line with the relevant literature and it serves to achieve the aims and to answer the questions of this study (Ménacère, 2016). Institutional isomorphism produces a greater impact on Libya accounting and auditing practices (Phillips & Jiao, 2016). Therefore, this study examines that the cultural factor systematically and consistently assesses the level of ISA adoption, commitment, and associated harmonisation. Given the growing interest in harmonising the auditing practice, not only by scholars but also by policy and decision-makers, this study is aimed at contributing to improve and develop an under-researched topic in Africa, by expanding the literature on the importance of harmonising auditing practices. It also provides fresh insights into auditing practices in a politically unstable country. Awareness is also raised about other relevant drivers of adopting ISA.

ACS Style

Ahmed Eltweri; Alessio Faccia; Luigi Pio Leonardo Cavaliere. The role of culture on the adoption of International Standards on Auditing in the developing countries: An institutional perspective. Journal of Governance and Regulation 2020, 9, 162 -171.

AMA Style

Ahmed Eltweri, Alessio Faccia, Luigi Pio Leonardo Cavaliere. The role of culture on the adoption of International Standards on Auditing in the developing countries: An institutional perspective. Journal of Governance and Regulation. 2020; 9 (4):162-171.

Chicago/Turabian Style

Ahmed Eltweri; Alessio Faccia; Luigi Pio Leonardo Cavaliere. 2020. "The role of culture on the adoption of International Standards on Auditing in the developing countries: An institutional perspective." Journal of Governance and Regulation 9, no. 4: 162-171.

Journal article
Published: 01 January 2020 in Financial Markets, Institutions and Risks
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The digitalization of technologies for the functioning of the country’s economy, in particular banking institutions, has made a significant impetus to accelerate their development. It is stated that the use of advanced information technologies in the banking sector of the economy (which was gradually formalized into the concept of “online banking”) has greatly facilitated the implementation of financial transactions, in particular, minimized the physical circulation of money. The purpose of the article is to study the features and principles of online banking on the example of the Italian bank WIDIBA. Methodical support of the paper includes a method of analysis of specific situations. The key components of the case method of the study are research on the basis of literature review; formalization of key theses (issues) in the context of the unresolved part of the study; accumulation and analysis of collected information; identification of key features of the issue. This research was carried out in the light of two aspects: the strategic principles of the spread of online banking in Italy; digital technologies in the context of the strategic perspective of the Italian bank WIDIBA. The paper considers the historical aspects of the introduction and use of online banking services. It is noted that in Italy today there are 207 publicly registered commercial establishments, of which 81 are located abroad, and 6 operate mostly in the format of providing online banking services. The object of this research is the activity of the Italian bank WIDIBA, which is justified by its valuable practical experience in formalizing a plan of adequate timely strategy for entering the market of online banking services on the basis of a carefully developed development strategy. The theoretical researches were carried out in the work, in particular, in the following directions: definition of strategic actions of bank establishment according to a time lag of functioning; analysis of the budget of the banking institution (net profitability, interest margin, operating and administrative expenses, etc.); analysis of the income statement of the bank (the ratio of net profit and loss, interest margin and brokerage margin); work with financial report or balance sheet data on the structure of assets, liabilities, and investments, retained earnings; study of trend dynamics of cash flows (operational, financial, investment and free cash flows). Excellent strategies are analyzed, which demonstrate how the banking sector is extremely dynamic and, that technological investments still allow easier access to new operators in case of the implementation of innovation strategies. Keywords: Online banks; online banking; electronic banking; fintech; financial services; WIDIBA; banking sector; banks’ strategies.

ACS Style

Alessio Faccia; Narcisa Roxana Moşteanu; Luigi Pio Leonardo Cavaliere; Gabriele Santis. The rise of online banks in Italy “WIDIBA Bank” Case Study. Financial Markets, Institutions and Risks 2020, 4, 1 .

AMA Style

Alessio Faccia, Narcisa Roxana Moşteanu, Luigi Pio Leonardo Cavaliere, Gabriele Santis. The rise of online banks in Italy “WIDIBA Bank” Case Study. Financial Markets, Institutions and Risks. 2020; 4 (2):1.

Chicago/Turabian Style

Alessio Faccia; Narcisa Roxana Moşteanu; Luigi Pio Leonardo Cavaliere; Gabriele Santis. 2020. "The rise of online banks in Italy “WIDIBA Bank” Case Study." Financial Markets, Institutions and Risks 4, no. 2: 1.

Journal article
Published: 04 October 2019 in Financial Markets, Institutions and Risks
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Accounting is an integral part of the financial and economic activity of economic entities, regardless of the type of activity and industry in which the enterprise operates. This paper summarizes the arguments and counterarguments in the scientific discussion regarding the nature of accounts in accounting practice. The purpose of the study is to deepen the analysis of European financial accounting practices, in particular in the context of the use of methodological support for the classification of the nature of accounts. Particular emphasis is placed on the evolution of accounting practices: an analysis of the major evolutionary stages that have occurred in different historical periods in accordance with the social needs of society and the economic and financial consequences of such transformational changes. The systematization of literary sources on the subject made it possible to identify three key stages of the evolutionary development of accounting and the essential nature of accounts, in particular: 1) the prerequisites for the emergence of financial and accounting, confirmed by a written accounting record dated 1494; 2) implementation of business continuity accounting based on the use of adjusting records and in-depth study of the nature and nature of accounts; 3) substantiation of the practical implementation of the triple record based on the implementation of blockchain technology. Based on the theoretical studies, the author substantiates the need to use in accounting practice a three-dimensional method of accounting by economic entities, which will more accurately reflect the financial transactions carried out by the company and avoid possible economic mistakes. The study postulates the need to integrate the third book within the accounting system. Summarizing, the author substantiates the need to develop in the future convergent methods of balancing the dual accounting system and maintaining accounts with the third book. Keywords: financial and economic activity, financial reporting, accounting, double-entry, evolutionary development.

ACS Style

Alessio Faccia; D. Mosco. Understanding the Nature of Accounts Using Comprehensive Tools to Understand Financial Statements. Financial Markets, Institutions and Risks 2019, 3, 1 .

AMA Style

Alessio Faccia, D. Mosco. Understanding the Nature of Accounts Using Comprehensive Tools to Understand Financial Statements. Financial Markets, Institutions and Risks. 2019; 3 (3):1.

Chicago/Turabian Style

Alessio Faccia; D. Mosco. 2019. "Understanding the Nature of Accounts Using Comprehensive Tools to Understand Financial Statements." Financial Markets, Institutions and Risks 3, no. 3: 1.

Conference paper
Published: 28 August 2019 in Proceedings of the 2019 3rd International Conference on Cloud and Big Data Computing
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ACS Style

Alessio Faccia; Mohamed Yousif Khamis Al Naqbi; Saeed Ahmad Lootah. Integrated Cloud Financial Accounting Cycle. Proceedings of the 2019 3rd International Conference on Cloud and Big Data Computing 2019, 31 -37.

AMA Style

Alessio Faccia, Mohamed Yousif Khamis Al Naqbi, Saeed Ahmad Lootah. Integrated Cloud Financial Accounting Cycle. Proceedings of the 2019 3rd International Conference on Cloud and Big Data Computing. 2019; ():31-37.

Chicago/Turabian Style

Alessio Faccia; Mohamed Yousif Khamis Al Naqbi; Saeed Ahmad Lootah. 2019. "Integrated Cloud Financial Accounting Cycle." Proceedings of the 2019 3rd International Conference on Cloud and Big Data Computing , no. : 31-37.

Conference paper
Published: 28 August 2019 in Proceedings of the 2019 3rd International Conference on Cloud and Big Data Computing
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ACS Style

Alessio Faccia; Narcisa Roxana Mosteanu; Mariam Fahed; Fabian Capitanio. Accounting Information Systems and ERP in the UAE. Proceedings of the 2019 3rd International Conference on Cloud and Big Data Computing 2019, 90 -94.

AMA Style

Alessio Faccia, Narcisa Roxana Mosteanu, Mariam Fahed, Fabian Capitanio. Accounting Information Systems and ERP in the UAE. Proceedings of the 2019 3rd International Conference on Cloud and Big Data Computing. 2019; ():90-94.

Chicago/Turabian Style

Alessio Faccia; Narcisa Roxana Mosteanu; Mariam Fahed; Fabian Capitanio. 2019. "Accounting Information Systems and ERP in the UAE." Proceedings of the 2019 3rd International Conference on Cloud and Big Data Computing , no. : 90-94.

Conference paper
Published: 28 August 2019 in Proceedings of the 2019 3rd International Conference on Cloud and Big Data Computing
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ACS Style

Pythagoras Petratos; Alessio Faccia. Accounting Information Systems and System of Systems. Proceedings of the 2019 3rd International Conference on Cloud and Big Data Computing 2019, 100 -105.

AMA Style

Pythagoras Petratos, Alessio Faccia. Accounting Information Systems and System of Systems. Proceedings of the 2019 3rd International Conference on Cloud and Big Data Computing. 2019; ():100-105.

Chicago/Turabian Style

Pythagoras Petratos; Alessio Faccia. 2019. "Accounting Information Systems and System of Systems." Proceedings of the 2019 3rd International Conference on Cloud and Big Data Computing , no. : 100-105.

Conference paper
Published: 28 August 2019 in Proceedings of the 2019 3rd International Conference on Cloud and Big Data Computing
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ACS Style

Alessio Faccia. Data and Information Flows. Proceedings of the 2019 3rd International Conference on Cloud and Big Data Computing 2019, 54 -59.

AMA Style

Alessio Faccia. Data and Information Flows. Proceedings of the 2019 3rd International Conference on Cloud and Big Data Computing. 2019; ():54-59.

Chicago/Turabian Style

Alessio Faccia. 2019. "Data and Information Flows." Proceedings of the 2019 3rd International Conference on Cloud and Big Data Computing , no. : 54-59.