Análisis de la gestión de inventarios en base a la NIC 2 aplicado a los laboratorios farmacéuticos en el Distrito Metropolitano de Quito año 2023

Abstract

In the city of Quito, pharmaceutical laboratories use various inventory accounting and valuation techniques in accordance with International Accounting Standard 2 (IAS 2). According to the research, many of these laboratories use techniques such as the first-in, first-out method and weighted average cost, which allows them to show a more accurate inventory cost in their financial statements. Deterioration and expiration of pharmaceutical products can be avoided with effective and efficient inventory management. Laboratories have implemented internal control systems that include periodic company audits as well as the use of specialized software to track the life cycle of products. By identifying products close to expiration and optimizing inventory rotations, these systems reduce economic losses that can be caused by product deterioration. The correct application of IAS 2 has a direct impact on financial reporting and decision making. Laboratories can more accurately assess and control their profitability with the proper accounting treatment, and can determine the cost of their product with the correct application of IAS 2. Finally, the application of IAS 2 has proven to have a very strong impact on financial decision making within laboratories in the Metropolitan District of Quito. Respondents recognize that this standard not only improves transparency and accuracy in financial reporting, but also provides relevant information for strategic management.