Scheme of analysis of the Quality of the Accounting Information

Authors

DOI:

https://doi.org/10.17981/econcuc.40.1.2019.05

Keywords:

Accounting, Financial Management, Quality, Financial Statements, Financial Information

Abstract

Given the new demands on accounting information derived from the growth and internationalization of companies considered multinationals, this article is addressed whose objective is to present a schema that allows analyzing the incidence of the mandatory adoption of International Financial Reporting Standards (IFRS) in improving the quality of accounting information in Colombia. To achieve this, a bibliographic review was first carried out, in order to discuss the concepts and their evolution from the branches of organizational management, characteristics and accounting regulatory regulation applicable in Colombia and the qualitative attributes of the financial information, the proposal is presented, finally, it establishes the way to approach the analysis of reliability and validity of the proposal taking into account descriptive and inferential statistics, this allowed establishing that it is beneficial for organizations to use financial accounting to decision-making, however, when implementing IFRS with measurement of assets and liabilities under the fair value method, it is established that the results and information may be distorted. It is concluded that international investigations pose a heterogeneous relationship between the adoption of international standards and the quality of the information available, due to the complexity and legal, economic, social and political contexts of each country.

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Author Biographies

Julio Cesar Cantillo Padron, Universidad de Sucre

Master in accounting sciences of the Universidad de Antioquia, Master in administration of the Universidad Nacional de Colombia, Specialist in Public Treasury management and Public Accountant of the Corporación universitaria del Caribe (CECAR), Street 24 A # 31-34 apartment 202, Sincelejo - Sucre, Phone .: 095 2786957, Email: jccpsincel@gmail.com

Lucelly Rivero Gonzalez, Agencia Nacional del Territorio - Universidad de Cartagena

Specialist in development projects of the Escuela Superior de Administración Pública, Business Administrator of the Universidad de Cartagena, street 24 A # 31-34 Apartment 202, Sincelejo - Sucre, Tel .: 095 2786957, Email: Lucelly.rivero2016@gmail.com

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Published

2019-05-14

How to Cite

Cantillo Padron, J. C., & Rivero Gonzalez, L. (2019). Scheme of analysis of the Quality of the Accounting Information. ECONÓMICAS CUC, 40(1), 76–90. https://doi.org/10.17981/econcuc.40.1.2019.05

Issue

Vol. 40 No. 1 (2019)

Section

Artículos.

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Copyright (c) 2019 Julio Cesar Cantillo Padron, Lucelly Rivero Gonzalez

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