Análisis del proceso de implementación NIIF plenas respecto a propiedad, planta y equipo en Supertiendas Cañaveral S.A periodos 2015-2016-2017

Abstract

The investigations carried out and published on the company Supertiendas Cañaveral SA, are related research works related to the application of International Financial Reporting Standards IFRS in different companies, as far as possible regarding Property, Plant and Equipment and contemplating cases where IFRS for SMEs and other cases where IFRSs were applied were considered. Analyze the process of implementation of the international financial information standards (IFRS) in terms of ownership, plant and equipment in the company Supertiendas Cañaveral S.A during the periods 2015-2017. The present investigation is mainly descriptive, which has as purpose to represent the results of the changes through the time happened by the process of implementation of the international norms of financial information (IFRS). The research responds to the deductive method, its approach is mainly quantitative, which is characterized by measuring phenomena, using numerical data and statistics, its process is sequential, deductive and probative and among its advantages are the generalization of results. In the specific case of the process of implementation of the international financial information standards (IFRS) in terms of ownership, plant and equipment in Supertiendas Cañaveral SA, the company, despite aligning with the SME typology, decided at the time to assume the IFRS full international standard justifying that in the case of appraisals, at that time the regulation for SMEs did not have the option to make valuations, and for the company it was important to enter the international standard with the possibility of valuing the property of plant and equipment according to its value at the time of implementation. Se concl Given this the IFRS for SMEs in its section 17 for the 2009 version, which was in force at the time of the selection for application, did not allow the appraisal as a strategy to determine the cost of ownership of plant and equipment, a need in the company considering the large amount of goods without estimating their value. It is concluded that the success of the process of implementing the standard is derived from a disciplined historical treatment of accounting and financial matters, which comes before 2014, either manually in its beginnings and later through the administration of the accounting system CG1. Such situation is an experience for companies that faces this mandatory process with a clear and precise work of organization of the fixed assets of the system with a clear database and with almost the majority information based on the purchase invoice of the equipment, where we were clear that the assets that we had in the system at the time were being used, where it was located and the most important ones were clearly insured; but the flaw in most of these companies was that they had a table in Excel and they looked at it every month and that to do a depreciation process, that was all, they were not giving it the importance as they had to be forced to apply IFRS. Once the present work was finished, which aimed to analyze the implementation process of the international financial information standards (IFRS) in terms of ownership, plant and equipment in the company Supertiendas Cañaveral SA and its impact during the periods 2015-2017. It can be concluded in a general way, that although the passage to international standards implies a complex process for the organization, its passage will allow it to benefit from an international method that is represented in legitimacy by the company in the face of its competence, to the market and to the State that regulates it. For the specific case of Superaiendas Cañaveral S.A it is concluded that the details were less than the advantages obtained from such decision.