Efectos de la aplicación de la NIC 23 (costos por préstamos) de las empresas de servicio automotriz ubicado en el sector Norte en el período 2018-2020 del Distrito Metropolitano de Quito.

Abstract

The companies that belong to the automotive sector annually generate high income to the economy of Ecuador. The financial statements of these companies must be developed and applied in accordance with IAS 23 in order to have reliable timely financial information and you will see about the economic reality of these. IAS 23, the international standard that regulates the operation of borrowing costs, is one of the regulations that makes it possible to strictly follow the way in which the costs associated with loans are conceived from the accounting point of view.In this research, it is intended to analyze the effects produced within the economic aspect due to the Cost of Loans by automotive service companies in the northern sector of the city of Quito. For this, a sample of 12 companies belonging to the automotive sector, in the city of Quito, where the descriptive research instrument was applied for the respective analysis of the companies. Despite the fact that all companies know the regulations and use them, some novelties were detected in their employment, to the extent that there is an inadequate interpretation of the regulation affecting the financial reality of the company. The automotive sector worldwide is important because it offers a wide range of job opportunities, both in vehicle manufacturing and marketing companies, but we observe that vehicle sales in 2019 have decreased by 4%, compared to the year 2018. The Ecuadorian Business Association (Aeade) presented the economic reactivation plan in 2020 for the automotive sector due to the fact that there was a decrease due to the pandemic.