Análisis y aplicación de las Normas Internacionales de Información Financiera NIIF relacionadas con la preparación y presentación de estados financieros de la Empresa Megacavedi Cía. Ltda. por el año terminado 2012

Abstract

This paper details the analysis and implementation of International Financial Reporting Standards (IFRS) for the company Megacavedi Co.. Ltda, fulfilling the requirement for the Superintendency of Companies SME companies as part of the third and last group adopted these standards in the 2012 fiscal year in Ecuador. This implementation leads to improve internal processes of strategic business areas and debug information of financial and accounting information of companies and showing through the actual situation reflected in the financial statements. Its application has allowed both the developer the same as the Company understand the importance of financial reporting globally and its impact on the analysis and decision making for those who are the users of this information. In such a way that both the accounting professional as the Company, are on equal competitive conditions worldwide. The conflict between financial and tax application, the result arising from the application of IFRS makes permanent and temporary differences arising in tax determination.