Aplicación de las NIC 2 en el control de inventario de la empresa de repuestos automotrices Vuelve S.A de Machala.

Abstract

The objective of this paper is to analyze the International Accounting Standard IAS 2 Inventories, through an example that allows to determine the basic aspects of the regulations that must be applied in commercial companies for the treatment of one of the most important items within the assets; the methodology used is of a descriptive nature since the paragraphs used in this case are clearly detailed. Among the results, the importance of the timely and efficient registration of the goods is highlighted, since it is the goods that allow to obtain an acceptable degree of profitability; In the same way, the accounting treatment of the inventories that are obsolete is carried out and for this reason the management decides to apply strategies of promotions or discounts in order to achieve their rotation and recover part of the investment made; It is important to emphasize that it is the management of the company, which in many cases is the owner himself, that must consider the analysis and application of the international accounting regulations in order to be competitive in the environment and to have reliable financial data at the end of an accounting period; among the conclusions, it is important to emphasize that the advantages offered by the market must be taken advantage of since they are within the legal framework, avoiding future adverse situations.