Evaluación De La Conformidad con la NIC 16 en el Contexto Empresarial Ecuatoriano: Un Análisis a partir de los Estados Financieros y las Notas Explicativas de las empresas De Agricultura, Ganadería, Silvicultura y Pesca

Abstract

The research aims to analyze challenges faced by entities in the valuation and recognition of fixed assets. Also in the depreciation policies adopted when applying the accounting treatment of IAS 16. It has a mixed approach with a non-experimental descriptive scope.It seeks to provide an explanation, to show how the results in the Financial Statements may be affected due to the significant implications of the AGSP sector, given the diversity of biological assets, specialized machinery, and natural resources that they manage. It focuses on reviewing financial statements and explanatory notes of entities in Ecuador. Its objective is to understand how accounting policies, valuation and depreciation methods influence the presentation of financial results. The uniqueness of the assets in their life cycle is considered. The valuation of biological assets such as crops/livestock poses specific challenges in the application of IAS 16 and in determining value over time. In conclusion, entities were observed partially applying IAS 16, which reflected compliance with the recognition methods. It was identified that a group of companies presented deficiencies in information in accordance with IAS 16, which resulted in a lack of comparability between the companies, their financial statements and the reliability of the information presented.