Analysis of the Impact of Ifrs in Net Worth of Anonymous Companies

Irene Gisel Buele Nugra; Esthefany Elizabeth Sarmiento Lema; Diana Catalina Arce Bau

doi:10.12691/jfa-6-1-1

Analysis of the Impact of Ifrs in Net Worth of Anonymous Companies

Irene Gisel Buele Nugra, Esthefany Elizabeth Sarmiento Lema, Diana Catalina Arce Bau

Research output: Contribution to journal › Article

Abstract

The adoption of International Financial Reporting Standards (IFRS), for recording the economic and financial operations of companies worldwide, makes a great difference in the usefulness and applicability of accounting information. Before this process, the Superintendencia de Compañías, Valores y Seguros of Ecuador, has published resolutions for the gradual application to IFRS since 2009. The transition period began in 2010 and ended in 2012. The research analyzed the effects caused to the Net Worth in a group of Ecuadorian companies based on the Positive Theory of Accounting. This analysis determined that the most affected financial accounts in the Process of transition to Property were Plant and Equipment, Intangible Assets and Obligations with Non-Current Financial Institutions.

Translated title of the contribution	Análisis del Impacto de las NIIF en el Patrimonio Neto de Empresas Anónimas
Original language	English (US)
Pages (from-to)	1-8
Number of pages	8
Journal	Journal of Finance and Accounting
Volume	6
Issue number	6
DOIs	https://doi.org/10.12691/jfa-6-1-1
State	Published - 5 Jan 2018

Keywords

Financial impact
International accounting standards
International financial reporting standards
Net worth

CACES Knowledge Areas

114A Accounting and Auditing

Access to Document

10.12691/jfa-6-1-1

Cite this

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title = "Analysis of the Impact of Ifrs in Net Worth of Anonymous Companies",

abstract = "The adoption of International Financial Reporting Standards (IFRS), for recording the economic and financial operations of companies worldwide, makes a great difference in the usefulness and applicability of accounting information. Before this process, the Superintendencia de Compa{\~n}{\'i}as, Valores y Seguros of Ecuador, has published resolutions for the gradual application to IFRS since 2009. The transition period began in 2010 and ended in 2012. The research analyzed the effects caused to the Net Worth in a group of Ecuadorian companies based on the Positive Theory of Accounting. This analysis determined that the most affected financial accounts in the Process of transition to Property were Plant and Equipment, Intangible Assets and Obligations with Non-Current Financial Institutions.",

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author = "{Buele Nugra}, {Irene Gisel} and {Sarmiento Lema}, {Esthefany Elizabeth} and {Arce Bau}, {Diana Catalina}",

year = "2018",

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doi = "10.12691/jfa-6-1-1",

language = "English (US)",

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AB - The adoption of International Financial Reporting Standards (IFRS), for recording the economic and financial operations of companies worldwide, makes a great difference in the usefulness and applicability of accounting information. Before this process, the Superintendencia de Compañías, Valores y Seguros of Ecuador, has published resolutions for the gradual application to IFRS since 2009. The transition period began in 2010 and ended in 2012. The research analyzed the effects caused to the Net Worth in a group of Ecuadorian companies based on the Positive Theory of Accounting. This analysis determined that the most affected financial accounts in the Process of transition to Property were Plant and Equipment, Intangible Assets and Obligations with Non-Current Financial Institutions.

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KW - International accounting standards

KW - International financial reporting standards

KW - Net worth

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KW - International accounting standards

KW - International financial reporting standards

KW - Net worth

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JO - Journal of Finance and Accounting

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ER -

Analysis of the Impact of Ifrs in Net Worth of Anonymous Companies

Abstract

Keywords

CACES Knowledge Areas

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