Abstract

GARCIA TAMAYO, Galo Hernán; HERNANDEZ ARAUZ, Marco Antonio; ROJAS SALAZAR, Francisco Joel  and  GRANDA JARAMILLO, Cristofer Antonio. Progress status in the application of IAS 16: a study in the large company of Ecuador. Revista Economía y Política [online]. 2023, n.38, pp.119-145.  Epub July 30, 2023. ISSN 2477-9075.  https://doi.org/10.25097/rep.n38.2023.06.

This investigation is oriented to the treatment of IAS 16 in Ecuadorian commercial companies that have been applying this regulation since 2011. Currently, the state of progress in its application is not well known, which becomes the article's objective. The methodological design encompasses a quantitative approach, a type of descriptive research with a bibliographical-documentary modality, and a descriptive transeccional design. A matrix validated by experts was prepared based on IAS 16, which was contrasted with the audited financial statements, the explanatory notes, and the business policies of the selected companies. The results indicate that: the vast majority of companies use the cost model as a subsequent measurement, all the companies analyzed use the straight-line method to calculate depreciation and, in most of the entities studied, they meet the requirements in the standard regarding information to be disclosed.

Keywords : IAS 16; depreciation; international accounting standards; international financial reporting standards; property, plant, and equipment.

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