Aplicación de las Normas Internacionales de Información Financiera (NIIF) en la COAC Riobamba Ltda., del cantón Cumandá, provincia de Chimborazo, período 2014

Abstract

This research involves the application of International Financial Reporting Standards (IFRS) in the COAC Riobamba LTDA., Canton Cumandá, Chimborazo Province, period 2014, as the starting point the current situation of the entity was observed, taking into account the financial statements under consideration NEC. This allowed noticing the absence of the application of International Financial Reporting Standards, also through situation analysis some accounting entries models were detected for de application of international laws. The resources and procedures to be carried out were evaluated by the impact of relevant detailed accounts; NEC to IFRS conversion was held in the accounts of Credit Portfolio and Fixed Assets especially Office Furniture because they contain relevant information. Adjustments to the financial statements under NEC were performed, in which the consolidation of the financial statements under IFRS were made. As a result of de research process projection of Financial Statements under IFRS as a result of the adoption was developed. It is recommended to accept the proposal as a tool to improve the presentation of financial statements, preventing any fraud, which may cause in the company.