Implications of the implementation of the IFRS for SMEs in the construction sector of Cartagena, Colombia

DOI: https://doi.org/10.56241/asf.v9n18.211
Keywords: SMEs, Construction sector, IFRS, Camacol, Cartagena.

Abstract

In 2009, the International Accounting Standards Board (IASB) published the IFRS Standard for SMEs, to be able to compare small and medium-sized entities around the world based on their financial information. Currently, SMEs represent 90% of companies in Colombia, being, according to The Colombian Chamber of Construction (Camacol), the construction sector the one with the highest participation with 14.8% and Cartagena the second city with the highest economic development in the country. The aim of this document is to analyze the political and financial effects of Colombian companies in the construction sector after implementing the IFRS for SMEs Standard, using the case of Cartagena as an illustrative example.

Downloads

Download data is not yet available.

Author Biographies

Yanina Castro Diaz, Universidad de San Buenaventura

Mg. en Administración de Negocios. Docente de la Universidad de San Buenaventura.

Yudis del Socorro Cabarcas Ariza, Fundación Universitaria Antonio de Arévalo

Mg. en Seguridad y Salud. Docente de la Fundación Universitaria Antonio de Arévalo.

Emilia Polo Carrillo, Colegio Mayor de Bolívar

Mg. en Sistemas Integrados de gestión de la prevención de riesgos. Docente del Colegio Mayor de Bolívar.

References

Cardozo, H. (2016). IFRS/NIIF para el sector solidario. Aplicadas a las PYME. Bogotá: Ecoe Ediciones Ltda.

Estupiñan, R. (2012). Las Normas Internacionales de Información Financiera. México: ECOE Ediciones.

Fierro, A. & Fierro, F. (2015). Contabilidad general con enfoque NIIF para las PYME. Bogotá: Ecoe Ediciones Ltda.

Flórez, E. (2016). Manual contable en la implementación de las NIIF: Herramientas para elaborarlo. México: Ecoe Ediciones.

IASCF. (2009). NIIF para PyMEs. http://www.niifsuperfaciles.com/memorias/recursos/NIC/10-NIIF-para-las-PYMES-(Norma)_2009-POL%C3%8DTICAS%20CONTABLES,%20ESTIMACIONES%20Y%20ERRORES.pdf

Mantilla, S. (2015). Estándares / Normas Internacionales Información Financiera (IFRS / NIIF). Bogotá: ECOE Ediciones.
Published
2021-07-01
How to Cite
Castro Diaz, Y., Cabarcas Ariza, Y. del S., & Polo Carrillo, E. (2021). Implications of the implementation of the IFRS for SMEs in the construction sector of Cartagena, Colombia. Colombian Journal of Accounting - ASFACOP, 9(18), 57-70. https://doi.org/10.56241/asf.v9n18.211
Issue
Vol. 9 No. 18 (2021): Colombian Journal of Accounting
Section
Financial accounting, finance and accounting systems
Creative Commons License

This work is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License.

The Colombian Journal of Accounting is open access and does not charge for the delivery of the articles, the editorial process and the publication. It can be consulted freely, without the requirement of registration, subscription or payment. The authors of the articles are creditors of all the authors' rights and retain the publication rights without restrictions. The author and third parties are allowed to read, download, copy, reproduce, distribute, communicate and create from the article, as long as the credit is attributed to the author(s), the initial publication is recognized in the Colombian Journal of Accounting and for non-commercial purposes. This journal provides free access to its content under the principle of making research available to the public free of charge, which fosters a greater exchange of global knowledge.

All the papers is licenced by Creative Commons Reconocimiento-NoComercial-CompartirIgual 4.0.