Efectos de las políticas contables aplicadas en el Ecuador y Reino unido en empresas de servicios dedicadas a la protección del medio ambiente caso Naturelab S.A. e Ichthion Ltda

Abstract

The integration of financial information into business processes is crucial for decision-making, highlighting its influence on business success. It is essential to adapt this approach to the external context. The research seeks to establish connections between accounting policies in the preparation of financial statements, highlighting that the application of Financial Reporting Standards may be less conventional compared to internal policies. Financial information is crucial for management analysis and decision-making in companies, and it is comparable at the international level. Its correct presentation, using appropriate terms, allows for effective interpretation by managers, which has an essential influence on investment and control of activities. In this context, accounting policies play a fundamental role, adapting to local regulations and seeking standardization through International Accounting Standards. The information must serve both internal and external users, supporting performance evaluation and the anticipation of future events. In the case of Naturelab SA, a company located in Ecuador, and Ichthion Ltda., a company located in the United Kingdom, we have analyzed the policies and accounting standards applied by each for the preparation and presentation of financial statements, showing that there are differences in implementation where accounting culture comes into play. While Ecuador has a rigid application of regulations, the United Kingdom aims to simplify the administrative process, without neglecting the evidence of the methods applied to arrive at the presentation of information