Efecto financiero por la aplicación de la Norma Internacional de Información Financiera NIIF 16 (Arrendamientos) en la empresa Grupo Mancheno Villacreses Cía. Ltda. Agencia Asesora Productora de Seguros, en el año 2021

Abstract

The International Financial Reporting Standards (IFRS) were introduced in 2003 by the International Accounting Standards Board (IASB), headquartered in London, with the goal of harmonizing accounting practices and establishing unified reporting criteria worldwide. In Ecuador, the adoption of IFRS became mandatory in 2010 for all companies under the jurisdiction of the Superintendence of Companies, Securities, and Insurance. Before this transition, the Generally Accepted Accounting Principles (GAAP), reflected in the Ecuadorian Accounting Standards (NEC), were used for many years. However, due to global trends and increased international financial integration, the Ecuadorian government implemented IFRS through Resolution 08.G.D.DSC.010 on November 20, 2008, setting a timeline for companies to adopt the new standards. This shift introduced substantial changes to the structure of financial statements, with a noticeable impact on key financial indicators. Since 2019, IFRS 16 (Leases) has been in effect in Ecuador, requiring significant adjustments for lessees. This standard mandates the recognition of "right-of-use assets" on the balance sheet, along with "lease liabilities", fundamentally altering the way financial statements are prepared and interpreted. The objective of this study is to examine the application of IFRS 16 within an insurance advisory and brokerage company. Specifically, the report focuses on Grupo Mancheno Villacreses Cía. Ltda., which leases office space for its operations. As a company classified as an SME, it complies with the full IFRS framework for the preparation and submission of financial statements to the Superintendence of Companies, in accordance with legal requirements. This research emphasizes the importance of IFRS 16 by analyzing how lease agreements are treated both financially and from an accounting standpoint within the insurance brokerage sector. It evaluates the accounting entries, proposed Página 12 de 75 adjustments during the transition period, and tax-related impacts of the standard's implementation. The findings will demonstrate the correct application and accounting treatment of leases within Grupo Mancheno Villacreses Cía. Ltda., while also identifying any necessary adjustments for the transition to IFRS 16 compliance.