Impacto de las normas internacionales de información financiera en el sector agropecuario del Ecuador durante el periodo 2011-2017. Grupo 1

Abstract

Abstract:The agricultural sector must be updated from time to time regarding economic development policies to increase the competitiveness of small and medium producers in the international market. The objective of the research is to determine the impact of International Financial Reporting Standards (IFRS) in the agricultural sector of Ecuador during the period 2011-2017. We worked with a sample of 451 agricultural companies applying the mixed method, in order to explain, examine and contrast information using the database of the Superintendency of Companies, Securities and Insurance (SUPERCIAS). In addition, it was observed that the convergence to IFRS in all types of companies produced significant variations, in the following accounting accounts: inventories, property, plant and equipment, employer retirement, eviction, profits and income. Finally, financial profitability in medium-sized companies represented an increase of 1%, while in large and small companies there was a decrease. On the other hand, the payment of income tax decreased by 6%, attributing that the companies used the different benefits of the Organic Code of Production, Commerce and Investments (COPCI)