Implicaciones de la implementación de las NIIF en las pymes en colombia

Abstract

The globalized world generates new business models and expansion of world markets, an imminent change in the companies’ economy, finances and organizational and accounting policies. The accounting and disclosure of financial information have not been unaffected by this change, leading Latin American countries to implement new financial information.

During the 90’s, Colombia entered the world market through economic opening, under the presidency of César Gaviria. There is talk of globalization, unification of economic norms and tariff benefits.

Decrees 2649 and 2650 were born in 1993; they regulated accounting in general, accounting principles and standards were issued being generally accepted in Colombia and appears the PUC (Single Plan of Accounts).

Signing of the Free Trade Agreements with European countries and with the United States makes standardization of accounting language fundamental for elaboraty financial statements that favor the corporate transparency. Hence the importance of adopting the International Financial Reporting Standards (IFRS), since more tan one hundred countries of the European Union, the Americas and Asia are applying them.

Colombia takes its first steps with Law 1314 of 2009, which establishes some parameters to make a convergence of local norm to international standard, determining a time of transition or implementation.