La implementación de la sección 13 inventarios NIIF para Pymes y el efecto en los costos en una empresa de confección

Abstract

The implementation of International Financial Reporting Standards for SMEs represented a great effort to make a planning that allows them to comply with the provisions of Law 1314 of 2009. The big question that small and medium entrepreneurs are made is what would be the impact on your financial information and costs of implementation of IFRS. This work was performed by making a comparison between the Generally Accepted Accounting Principles (GAAP) and International Financial Reporting Standard for entities of small and medium size (IFRS for SMEs), focusing primarily on the treatment of accounting of Inventories it accordance with Article 63 of Decree 2649 of 1993, and how management with IFRS for SMEs Section 13. Thus, a manufacturing company dedicated to making work clothes (coveralls) to supply selected of flower companies. The result of this study showed that both the local standard and the international standard agree on the definition of inventories and how they should be recognized and measured at the end of the period. Likewise, it denotes that it is not necessary to adjust inventories when IFRS is adopted, because in the final measurement is not reflected a loss in value, since the cost of raw materials tend to increase their value.