Economics and Business
Referential and Reviewed International Scientific-Analytical Journal of Ivane Javakhishvili Tbilisi State University, Faculty of Economics and Business

ISSN 1987-5789 ESSN 2587-5426
doi 10.52340

Journal number 1 ∘ Vladimer Basaria ∘

Sharing Economy and Its Role in the Production of Public Wealth

https://doi.org/10.56079/20221/1 The article discusses the specific nature of public good and its general benefit in optimal volumes; the reasons for the need to produce a public product by the state; the role of the private sector in creating a public product and enhancing this role because of the development of digital technology. The article also discusses the main reasons, trends and prospects for the development of a modern model of collaborative consumption; defines the popular term “sharing economy” and provides some historical aspects of the origins of the modern concept of collaborative consumption; assesses the value of the sharing economy in the production of modern public goods; reveals the expectations associated with collaborative consumption and analyzes criticism of the sharing economy; conclusions about the ability of information and communication technologies to promote the production of useful (rational, profitable) public goods for consume

Journal number 1 ∘ Murman Tsartsidze ∘ Shota Gabadadze ∘

Peculiarities of Determination and Regulation of the Subsistence Minimum in Georgia

https://doi.org/10.56079/20221/2 Improving the quality of working lifes and the living standards of the population is a priority in the socio-economic policy of any country. According to the country's constitution, Georgia is a social state, which cares of the community: strengthening the principles of social justice, social equality and social solidarity; on human health and social protection, to provide a living wage and decent housing, to protect the well-being of the family. To successfully address these issues, the state will develop a targeted social policy, which, together with other important social norms, is based on a living wage. This last one should be the basis of social protection and social guarantees for the citizens of the country, was aimed at supporting the less wealthy part of the population and actually reflecting the change in the living standards of the population. Due to the urgency of the issue, in this

Journal number 1 ∘ Levan Sabauri ∘ Nadezhda Kvatashidze ∘

Some As Aspects of Identification of Enterprises Association

https://doi.org/10.56079/20221/3 Topic: The article deals with the criteria of identification of business combinations and its importance for providing relevant and fair information to users of financial statements. Objective and Tasks: Sharing the changes made by the International Accounting Standards Board in the criteria of identification of the business combinations and their implementation in the practice. A novelty of the identification criteria is clarification of the criteria for businesses and introduction of the “Asset fair Value Concentration Test” Methodology: Relevant standards, guidelines, recommendations, scientific articles, monographs, systematization and comparison methods approved by the International Accounting Standards Board were used in this study. Results: Businesses identification elements (resources, processes, products) and criteria (enterprise and control) are established; Characteristics of t

Journal number 1 ∘ Marina Maisuradze ∘ Mariam Vardiashvili ∘

Some Issues of Preparation and Submission of Financial Statements in the Conditions of COVID - 19

https://doi.org/10.56079/20221/4 The coronavirus pandemic has created uncertainties of an unprecedented scale in the global economy. Businesses experience disruptions of supply chain and significant losses. As a result of the decline in business activities, many enterprises around the world have been affected and millions of people have lost their jobs. Significant changes have taken place in the financial and commodity markets as well. Many governments have taken various measures to provide financial and non-financial assistance to the affected sectors of the economy, businesses and individual enterprises. All this has somewhat complicated the preparation of financial statements in accordance with the international standards (IFRS). Against the background of the current uncertainty caused by COVID 19, enterprises need to ensure the preparation of high quality financial statements, which play an important role in the proper functioning of the capital market. &n

Journal number 1 ∘ Nino Lomidze ∘

Accounting for Cryptocurrencies in Compliance with International Financial Reporting Standards (IFRS): Challenges and Prospects

https://doi.org/10.56079/20221/5 Increased corporate interests in holding cryptocurrencies have put forward a discussion on their accounting and presentation in financial statements in compliance with IFRS. In June 2019, IFRS Interpretations Committee (IFRS IC) published its agenda decision, which represents the official position of the International Accounting Standard Board (IASB) with regard to accounting for cryptocurrency holdings. IFRS IC concluded that a cryptocurrency should not be considered as cash or another type of financial asset. Cryptocurrencies meet the definition of intangible assets and inventory. Therefore, they should be accounted for under IAS 38 unless they are held for sale in the ordinary course of business, in which case, IAS 2 would apply. The article analyzes the existing regulatory framework for accounting cryptocurrencies in terms of providing useful information for users of financial statements. It provides ground and sets a stage for

Journal number 1 ∘ Paata Koguashvili ∘ Ramaz Otinashvili ∘

Peculiarities of Competitiveness Strategies in Busines

https://doi.org/10.56079/20221/6 The competitive strategy of a business depends on the introduction of modern management practices. According to competitive strategy, businesses can be classified as market leaders, challengers, followers, and market niches, and the key aspects of their competition are analyzed. It is noted that the competition strategies are difficult to implement and require a considerable amount of resources. To develop an effective competitive strategy, we need to get the most information about our competition. We need to continuously monitor our products/services, pricing dynamics, key incentive channels with competitors' similar products, identify competitive advantages or disadvantages. Some market players react only to certain types of offensive action from the opponent and ignore all others. Some respond quickly and sharply to all competitors' actions. Some companies make such strategic actions that it is very difficult to calculate and guess their p

Journal number 1 ∘ Manana Kharkheli ∘ Davit Gavardashvili ∘

The Need for Organizational Changes in Companies

https://doi.org/10.56079/20221/7 In the context of globalization, it is becoming increasingly clear that implementing organizational change is a particular necessity for companies. The world is changing like lightning, the struggle between companies for dominance is intensifying, each company is trying to adapt to the new environmental conditions and take a firm position in the market; Therefore, it is necessary to make timely organizational changes. A company that ignores environmental variability and does not address organizational change is doomed to failure. In practice, in order for a company to overcome a crisis situation and achieve success, it must change. Implementing organizational change is associated with certain difficulties; therefore, it requires effective management of the process. Effective management means using appropriate strategies and models for transformations. Management must be able to successfully make changes, as any action taken by them will affect

Journal number 1 ∘ Tengiz Verulava ∘ Avtandil Jorbenadze ∘

Development of Public Health in Independent Georgia

https://doi.org/10.56079/20221/8 Reorganization of healthcare system in Georgia was based on the development of public health, aiming to activate of preventive medicine and operate efficient tools of epidemiological surveillance. This paper seeks to explore the attitudes and values which underlie public health reform in Georgia, and to investigate the goals of reform and the strategies designed to achieve them. The article is based on a documentary analysis, which included official documents and non-official journal publications. Georgia was the only country (except the Baltic states) to abandon the soviet system of Sanitary-Epidemiological Service, completely reorganizing it and establishing a new public health infrastructure, built on European principles. The reorganization of the Sanitary-Epidemiological Service implied the separation of supervisory (sanitary control) and executive functions, typical of the Soviet system. As a result, the Public Health Department and the De

Economics and Business Referential and Reviewed International Scientific-Analytical Journal of Ivane Javakhishvili Tbilisi State University, Faculty of Economics and Business

ISSN 1987-5789 ESSN 2587-5426 doi 10.52340	Journal number 1 ∘ Vladimer Basaria ∘ Sharing Economy and Its Role in the Production of Public Wealth https://doi.org/10.56079/20221/1 The article discusses the specific nature of public good and its general benefit in optimal volumes; the reasons for the need to produce a public product by the state; the role of the private sector in creating a public product and enhancing this role because of the development of digital technology. The article also discusses the main reasons, trends and prospects for the development of a modern model of collaborative consumption; defines the popular term “sharing economy” and provides some historical aspects of the origins of the modern concept of collaborative consumption; assesses the value of the sharing economy in the production of modern public goods; reveals the expectations associated with collaborative consumption and analyzes criticism of the sharing economy; conclusions about the ability of information and communication technologies to promote the production of useful (rational, profitable) public goods for consume Journal number 1 ∘ Murman Tsartsidze ∘ Shota Gabadadze ∘ Peculiarities of Determination and Regulation of the Subsistence Minimum in Georgia https://doi.org/10.56079/20221/2 Improving the quality of working lifes and the living standards of the population is a priority in the socio-economic policy of any country. According to the country's constitution, Georgia is a social state, which cares of the community: strengthening the principles of social justice, social equality and social solidarity; on human health and social protection, to provide a living wage and decent housing, to protect the well-being of the family. To successfully address these issues, the state will develop a targeted social policy, which, together with other important social norms, is based on a living wage. This last one should be the basis of social protection and social guarantees for the citizens of the country, was aimed at supporting the less wealthy part of the population and actually reflecting the change in the living standards of the population. Due to the urgency of the issue, in this Journal number 1 ∘ Levan Sabauri ∘ Nadezhda Kvatashidze ∘ Some As Aspects of Identification of Enterprises Association https://doi.org/10.56079/20221/3 Topic: The article deals with the criteria of identification of business combinations and its importance for providing relevant and fair information to users of financial statements. Objective and Tasks: Sharing the changes made by the International Accounting Standards Board in the criteria of identification of the business combinations and their implementation in the practice. A novelty of the identification criteria is clarification of the criteria for businesses and introduction of the “Asset fair Value Concentration Test” Methodology: Relevant standards, guidelines, recommendations, scientific articles, monographs, systematization and comparison methods approved by the International Accounting Standards Board were used in this study. Results: Businesses identification elements (resources, processes, products) and criteria (enterprise and control) are established; Characteristics of t Journal number 1 ∘ Marina Maisuradze ∘ Mariam Vardiashvili ∘ Some Issues of Preparation and Submission of Financial Statements in the Conditions of COVID - 19 https://doi.org/10.56079/20221/4 The coronavirus pandemic has created uncertainties of an unprecedented scale in the global economy. Businesses experience disruptions of supply chain and significant losses. As a result of the decline in business activities, many enterprises around the world have been affected and millions of people have lost their jobs. Significant changes have taken place in the financial and commodity markets as well. Many governments have taken various measures to provide financial and non-financial assistance to the affected sectors of the economy, businesses and individual enterprises. All this has somewhat complicated the preparation of financial statements in accordance with the international standards (IFRS). Against the background of the current uncertainty caused by COVID 19, enterprises need to ensure the preparation of high quality financial statements, which play an important role in the proper functioning of the capital market. &n Journal number 1 ∘ Nino Lomidze ∘ Accounting for Cryptocurrencies in Compliance with International Financial Reporting Standards (IFRS): Challenges and Prospects https://doi.org/10.56079/20221/5 Increased corporate interests in holding cryptocurrencies have put forward a discussion on their accounting and presentation in financial statements in compliance with IFRS. In June 2019, IFRS Interpretations Committee (IFRS IC) published its agenda decision, which represents the official position of the International Accounting Standard Board (IASB) with regard to accounting for cryptocurrency holdings. IFRS IC concluded that a cryptocurrency should not be considered as cash or another type of financial asset. Cryptocurrencies meet the definition of intangible assets and inventory. Therefore, they should be accounted for under IAS 38 unless they are held for sale in the ordinary course of business, in which case, IAS 2 would apply. The article analyzes the existing regulatory framework for accounting cryptocurrencies in terms of providing useful information for users of financial statements. It provides ground and sets a stage for Journal number 1 ∘ Paata Koguashvili ∘ Ramaz Otinashvili ∘ Peculiarities of Competitiveness Strategies in Busines https://doi.org/10.56079/20221/6 The competitive strategy of a business depends on the introduction of modern management practices. According to competitive strategy, businesses can be classified as market leaders, challengers, followers, and market niches, and the key aspects of their competition are analyzed. It is noted that the competition strategies are difficult to implement and require a considerable amount of resources. To develop an effective competitive strategy, we need to get the most information about our competition. We need to continuously monitor our products/services, pricing dynamics, key incentive channels with competitors' similar products, identify competitive advantages or disadvantages. Some market players react only to certain types of offensive action from the opponent and ignore all others. Some respond quickly and sharply to all competitors' actions. Some companies make such strategic actions that it is very difficult to calculate and guess their p Journal number 1 ∘ Manana Kharkheli ∘ Davit Gavardashvili ∘ The Need for Organizational Changes in Companies https://doi.org/10.56079/20221/7 In the context of globalization, it is becoming increasingly clear that implementing organizational change is a particular necessity for companies. The world is changing like lightning, the struggle between companies for dominance is intensifying, each company is trying to adapt to the new environmental conditions and take a firm position in the market; Therefore, it is necessary to make timely organizational changes. A company that ignores environmental variability and does not address organizational change is doomed to failure. In practice, in order for a company to overcome a crisis situation and achieve success, it must change. Implementing organizational change is associated with certain difficulties; therefore, it requires effective management of the process. Effective management means using appropriate strategies and models for transformations. Management must be able to successfully make changes, as any action taken by them will affect Journal number 1 ∘ Tengiz Verulava ∘ Avtandil Jorbenadze ∘ Development of Public Health in Independent Georgia https://doi.org/10.56079/20221/8 Reorganization of healthcare system in Georgia was based on the development of public health, aiming to activate of preventive medicine and operate efficient tools of epidemiological surveillance. This paper seeks to explore the attitudes and values which underlie public health reform in Georgia, and to investigate the goals of reform and the strategies designed to achieve them. The article is based on a documentary analysis, which included official documents and non-official journal publications. Georgia was the only country (except the Baltic states) to abandon the soviet system of Sanitary-Epidemiological Service, completely reorganizing it and establishing a new public health infrastructure, built on European principles. The reorganization of the Sanitary-Epidemiological Service implied the separation of supervisory (sanitary control) and executive functions, typical of the Soviet system. As a result, the Public Health Department and the De