Analysis of the application and implementation of NIIF for PYMEs in the textile and garment sector of the city of Cuenca

Authors

  • Fabián Ayabaca Mogrovejo Universidad de Cuenca

DOI:

https://doi.org/10.25097/rep.n23.2016.04

Keywords:

SMEs, IFRS, IFRS SMEs, Property, plant and equipment ,Textile and garment industry of clothing.

Abstract

The present research analyzes the development of the registration and presentation of financial information of the SMEs dedicated to the manufacture of garments and textiles. The study considered 32 entities that submit information to the Superintendency of Companies, of which 11 are also in the database of the Chamber of Small Industry of Azuay (CAPIA).

Among the main attributes of the financial information of SMEs was:

1. Application of the IFRS scheme in the presentation of information for SIC since 2012

2. Change in the accrued income account from the first-time adoption.

3. Modifications in the accounting treatment of Property, Plant and Equipment, for the application of IFRS for SMEs

Finally, recommendations are presented to the sector that will allow the selection of reasonable values, depreciation calculation and treatment of deferred taxes to be improved.
Traductor de Google para empresas:Google Translator ToolkitTraductor de sitios web

Downloads

Download data is not yet available.

Author Biography

Fabián Ayabaca Mogrovejo, Universidad de Cuenca

Profesor Titular de la Facultad de Ciencias Económicas y Administrativas, Universidad de Cuenca.
Magister en Contabilidad y Finanzas con mención en Gerencia y Planeamiento Tributario.

Downloads

Published

2016-12-02

How to Cite

Ayabaca Mogrovejo, F. (2016). Analysis of the application and implementation of NIIF for PYMEs in the textile and garment sector of the city of Cuenca. Economy and Politics Journal, (23), 57–79. https://doi.org/10.25097/rep.n23.2016.04

Issue

No. 23 (2016): January/June

Section

Artículos

License

The Journal declines any responsibility for possible conflicts derived from the authorship of the works that are published in it.
The University of Cuenca in Ecuador conserves the patrimonial rights (copyright) of the published works and will favor the reuse of the same ones, these can be: copy, use, diffuse, transmit and expose publicly.
Unless otherwise indicated, all contents of the electronic edition are distributed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License.