Análisis del impacto en la aplicación de la NIIF paraPYMES sección 23 (ingresos de actividades ordinarias) debido a la crisis sanitaria derivada del COVID–19 en la empresa IMCOLQUITO CIA. LTDA durante el año 2020

Abstract

The presentation of the Financial Statements of medium and small companies must be bases on and comply with the parameters established in the International Financial Reporting Standards (IFRS) for SMEs, this regulation allows companies to have at the end of the accounting period a reliable and reasonable financial information according to their real situation.

The following research work aims to analyze the significant implications maintained by the company IMCOLQUITO CIA. LTDA. at the time of applying IFRS for SMEs section 23 (Income from Ordinary Activities) due to the Health Crisis derived from COVID-19 during the year 2020, for the development of the same different methodologies were applied, such as the inductive-deductive method and the analytical method, that through the different data collection techniques such as the observation of contracts with customers, interview with the accountant, surveys of the staff allowed us to identify the different circumstances that the company went through to properly apply the regulations.

In IMCOLQUITO with respect to contracts with customers, it was evident that there was no greater affectation, except in the allocation of the price of the transaction where due to ignorance of the rule a weighting of the prices is not carried out when there is a variable transaction. In relation to the economic effect due to the health crisis, the company in 2020 had a decrease in revenues by 39% compared to 2019. And finally, the commercial accounts of the clients did not have a provision according to their reality, since the age of the portfolio was not determined and therefore they did not analyze the existence of a deterioration of the commercial accounts.