Estudio del avance de la NIC 2 en grandes empresas del Ecuador

Abstract

Since more than ten years have elapsed since the authorization by the regulatory entity in Ecuador of legal companies to apply IFRS, to this date their degree of maturity is unknown, which is why this article has the purpose to know the progress in the implementation of the International Accounting Standard IAS 2 Inventories in commercial companies in Ecuador. In this sense, through a descriptive study, a diagnosis was made to know the level of maturation in terms of: recognition, measurement, presentation and information to be disclosed. An application matrix similar to a check list was designed, made up of items taken from the NIC studied, the same ones that were contrasted with the explanatory notes to the audited financial statements of the year 2020 of the 285 companies that were part of the sample, which They were obtained from the database of the Superintendence of Companies, Securities and Insurance. The results to be highlighted were grouped based on the criteria pursued by IFRS and that were part of the descriptive study, that is, the disclosure of information presented novelties related to the absence of amounts measured at fair value less costs to sell, the lack identification of the amount of impairment in the corresponding account, and little care in the quality of presentation of the information to the user. Finally, it must be considered that the companies implement NIC 2 and the progress they have made, even though they are not obliged to do so, they nevertheless state that their statements are subject to NIIF standards in terms of recognition, measurement, and presentation of information.