La representación fiel en el tratamiento contable de los inventarios según las NIIf en la importadora Ferrearmijos S.A.

Abstract

The objective of this research work is to analyze the faithful representation in the accounting treatment of inventories based on what is established in the conceptual framework of IFRS, in order to strengthen the financial information in the importer FerreArmijos S.A. of Machala. The inadequate faithful representation in the accounting treatment of inventories in importers is in the measurement of costs and among the causes that exist and intervene unconsciously with negative effects are technological advances, lack of knowledge in accounting information systems or also by the globalization of the market, since in our country this affects a lot, reason why it is in the process of development, among other reasons. The work emphasizes on the problem that a correct distribution of costs is not being made, reason for which the principle of faithful representation is not being complied with, which mentions that it must be complete, free of material error and must have essence over form, according to what is established in the Conceptual Framework of the IFRS, having in mind that in accounting inventories are recorded at cost and not at the sales price, in addition, the research is based on the different rules, laws and regulations aimed at protecting the inventory. For the development of the research the quantitative approach was used because analysis collection techniques were applied to obtain numerical results that were analyzed statistically, being descriptive level where surveys were used using the google form for the application of the questions that were directed to the internal staff in charge of inventories and accounting area, however the population that integrates the importer is very small so it was not proceeded to apply sampling, the methodological process is carried out in order to collect information necessary to carry out the degree work. The purpose of this research is to characterize the correct accounting treatment of inventories according to the principle of faithful representation and thus provide a tool to the importer of how to measure and value the inventory, either by accounting or at cost, in order to obtain correct information that is necessary at the time it is requested as an indispensable condition for the company and that its accounting records are complete, neutral and without errors, and that in turn generates adequate information that strengthens the activities of the importer. From this, we can mention that by means of a practical case we have made the respective transactions with values approximate to the reality of the Importer, because the accounting area is not allowed to disclose amounts or data for security and confidentiality of the company, however, the respective accounting records were made as indicated by NIC 2, and thus avoid future divergences that can be transmitted to the top management.