Suchergebnisse

The influence of economic globalization has had considerable growth when you consider Universidad Libre the economic impact that reflect the more developed countries, where the acquisition of political and cultural power is presumed. In this sense, the world economy has been seeking new policies to speak the same language in economic terms, this is the case of the famous and well weighted lnternational Financia! Reporting Standards-lFRS, seeking to standardize the accounting information and facilitate decision- making in companies worldwide. Similarly, under I FRS, the key to ensure compliance with this convergence process reason, the financia! information must comply with the characteristics of comparability, transparency and reliability, leading to a determination that the application of lnternational Financia! Reporting Standards Financia! are designed for countries that want to partake of globalization and become or rema in competitive generating mandatory if you want to rema in on the market. Colombia being part of several international agreements and treaties implicitly agrees and in turn need to implement IFRS, rather than a legal requirement, the adoption of 1 FRS beco mes a strategic tool for companies developing or plan to develop business with suppliers and clients abroad. In this article I will begin with a brief account on the Colombian regulation in process of adoption and implementation of IFRS and opinions regarding the impact of its implementation in the financia! system and organization. ; La influencia de la globalización económica ha tenido un crecimiento considerable, si tenemos en cuenta el impacto económico que reflejan los países más desarrollados, donde se presume la adquisición de poder político y cultural. En este sentido la economía mundial ha estado en búsqueda de nuevas políticas que permitan hablar el mismo idioma en términos económicos. Es el caso de las Normas Internacionales de Información Fi anciera - NIIF, homogeneizar la información encaminadas a que los países que quieren ser par.tícipes de la globalización, y ser o continuar ·endo competitivos, se vean en la necesidad y ligatoriedad de aplicarlas. Siendo Colombia participe de múltiples acuerdos y tratados internacionales, implícitamente se compromete y a su vez necesita contable y facilitar la toma de decisiones en las empresas a nivel mundial De igual manera, en las N 11 F, la razón fundamental para que se cumpla con este proceso de convergencia, la información financiera debe cumplir con las características de comparabilidad, transparencia y confiabilidad, lo que conlleva determinar que la aplicación de las Normas Internacionales de Información Financiera esté presente en implementar las NIIF, más que una exigencia legal, la adopción de las NIIF se convierte en una herramienta estratégica de las empresas que desarrollan o planean desarrollar, actividades comerciales con proveedores y clientes en el exterior. El presente artículo se inicia con un breve recuento sobre la regulación colombiana en proceso de adopción e implementación de las NIIF y opiniones en relación con el impacto que tiene su aplicación en el sistema financiero y de organización.

The influence of economic globalization has had considerable growth when you consider Universidad Libre the economic impact that reflect the more developed countries, where the acquisition of political and cultural power is presumed. In this sense, the world economy has been seeking new policies to speak the same language in economic terms, this is the case of the famous and well weighted lnternational Financia! Reporting Standards-lFRS, seeking to standardize the accounting information and facilitate decision- making in companies worldwide. Similarly, under I FRS, the key to ensure compliance with this convergence process reason, the financia! information must comply with the characteristics of comparability, transparency and reliability, leading to a determination that the application of lnternational Financia! Reporting Standards Financia! are designed for countries that want to partake of globalization and become or rema in competitive generating mandatory if you want to rema in on the market. Colombia being part of several international agreements and treaties implicitly agrees and in turn need to implement IFRS, rather than a legal requirement, the adoption of 1 FRS beco mes a strategic tool for companies developing or plan to develop business with suppliers and clients abroad. In this article I will begin with a brief account on the Colombian regulation in process of adoption and implementation of IFRS and opinions regarding the impact of its implementation in the financia! system and organization. ; La influencia de la globalización económica ha tenido un crecimiento considerable, si tenemos en cuenta el impacto económico que reflejan los países más desarrollados, donde se presume la adquisición de poder político y cultural. En este sentido la economía mundial ha estado en búsqueda de nuevas políticas que permitan hablar el mismo idioma en términos económicos. Es el caso de las Normas Internacionales de Información Fi anciera - NIIF, homogeneizar la información encaminadas a que los países que quieren ser par.tícipes de la globalización, y ser o continuar ·endo competitivos, se vean en la necesidad y ligatoriedad de aplicarlas. Siendo Colombia participe de múltiples acuerdos y tratados internacionales, implícitamente se compromete y a su vez necesita contable y facilitar la toma de decisiones en las empresas a nivel mundial De igual manera, en las N 11 F, la razón fundamental para que se cumpla con este proceso de convergencia, la información financiera debe cumplir con las características de comparabilidad, transparencia y confiabilidad, lo que conlleva determinar que la aplicación de las Normas Internacionales de Información Financiera esté presente en implementar las NIIF, más que una exigencia legal, la adopción de las NIIF se convierte en una herramienta estratégica de las empresas que desarrollan o planean desarrollar, actividades comerciales con proveedores y clientes en el exterior. El presente artículo se inicia con un breve recuento sobre la regulación colombiana en proceso de adopción e implementación de las NIIF y opiniones en relación con el impacto que tiene su aplicación en el sistema financiero y de organización.

The Accounting Standards Board have now issued Financial Standard
Reporting 5 (FRS5) – Reporting the Substance of Transactions. Highlights
two principal changes to the Financial Reporting Exposure 4 (FRED4)
which have been incorporated into FRS5, namely offset and partial
de‐recognition. Briefly discusses the ″linked presentation″ rules which
were set out in FRED4 and have now been implemented in FRS5.

This edition has been thoroughly updated to reflect the varied and numerous developments in International Financial Reporting Standards (IFRSs). The expert knowledge and authoritative explanations of the author team have resulted in the book being extensively referenced by both the accounting profession and academics in countries that have either adopted, or intend to adopt, international accounting standards. The continuing focus of the second edition of this book is on interpreting, analysing and illustrating the financial reporting requirements under IFRSs. Each chapter contains numerous illustrative examples that present and explain concepts to ensure that users gain a deep understanding of the reporting requirements and meet the knowledge expectations of the accounting profession. The coverage of accounting standards has been expanded in the second edition with the inclusion of new chapters on IFRS 6 Exploration for and Evaluation of Mineral Resources, IAS 18 Revenue, IAS 19 Employee Benefits and IAS 41 Agriculture. This book has been written for intermediate and advanced financial accounting courses, at both undergraduate and postgraduate levels

The paper is an attempt to analyze the perception of accounts preparers, chartered accountants and academicians in Mysore cityKarnataka, to find if the convergence of Indian accounting standards with IFRS is beneficial or not? Another major goal of this study is to justify that well and good accounting standards are not responsible for accounting scandals. Finally, the study cames to a conclusion that convergence of Indian Standards with IFRS is beneficial for investors, government and corporate sector respectively. Majority of the respondents agree with the significance of convergence of Indian accounting standards with IFRS and they say that, using IFRS as a reporting language brings uniformity and fairness in financial statements. However, the study states that, avoiding of accounting scandals is possible through an ethical practice among entities and auditors.