Incidencias de la aplicación de NIC 16 en los estados financieros de una compañía comercial en Colombia

Abstract

Keeping in mind that one of the most important items in the financial statements of commercial companies is the property of plant and equipment, in the case of international standards, it affects significantly the financial status in terms of measurement and reasonableness. Indeed, the adoption of International Financial Reporting Standards (IFRS) will generate certain quantitative and qualitative incidents for the financial information of these companies. Therefore, this paper will identify, through a case study, which is the best alternative to measure fixed assets, assessing the economic impact and considering the new regulations of Colombian law (Law 1314 of 2009) according to the adoption of IFRS. In particular, the decisions taken by the companies in this field will affect their handling and projection, but in general, their decision-making bodies do not yet have clear criteria and the enough information to assess which is the best option, as is the case measurement of fixed assets.