The aim of this Masters thesis is to identify and describe international accounting standards, which consider the business model, either implicitly or explicitly. Standards, which do not take the business model into account are identified, problems posed by an incorporation of the business model are weighed against its potential benefits. For several years, standard setters, practitioners and researchers have been discussing whether, and if so how, the business model could be embedded in international accounting standards more extensively. Including the business model offers additional insight for addressees of financial statements, as relevant information regarding a companys activities, cash flow generation, or its use of assets and liabilities are made available. While national and international standard setters push for a more extensive and explicit consideration of the business model in international accounting standards, practitioners and scholars oppose the concept due to a number of unresolved issues. Among these issues is the absence of a universally accepted definition of the term “Business Model”, as well as the question, whether or not it is possible to integrate the business model in accounting standards, while still observing the qualitative and promotional characteristics of the Conceptual Framework. Principles of the Conceptual Framework may not be violated by a stronger incorporation of the business model. In addition to certain accounting standards, which explicitly mention the business model, a number of standards exist, in which the use of the business model is implied. Special business models have been considered in separate industry standards. These standards introduce regulations that only apply to companies with a certain business model. The explicit consideration of business models in all accounting standards will require extensive dialogue between standard setters, practitioners and researchers.