Aplicando la nic 16 determine la vida útil y la vida económica. Caso Empresa Universitaria S.A. de una ppye

Abstract

This research work aims to analyze the International Accounting Standard (IAS) 16 which refers to the accounting treatment of Property, Plant and Equipment (PPYE), to apply it correctly we must first be clear about the meaning of each one of the accounts that will be used to make the accounting record of the useful and economic life of the (PPYE). So when performing the depreciation of the assets of (PPYE). We will know clearly and concisely the changes that the good has suffered during the cycle of its useful life made in the entity. For this reason, companies must keep a mandatory accounting record attached to IFRS and IAS as this will allow us to keep financial statements in an efficient and effective manner. For the development of this research we have taken into account scientific articles and books related to the subject, where care was taken to choose the most complete research for the interpretation of the proposed exercise. It was possible to demonstrate that non-current assets not only have a useful life, but also the professional accounting sector to take into account that they also have an economic life.