Use and determination of use value (current value), in the accounting assessment of assets in the processes of implementation and application of NICs in local companies dedicated to industrial and commercial activity

This research project aims to establish the repercussions and effects on the assessment of elements of the asset of industrial and commercial economic entities in Azuay, the adoption of international regulations that begin in our country since 2009 according to the resolution. 06.q.ici.004 of 2006.08.21, R.O. No. 348 of 2006.09.04 issued by the Superintendence of Companies has allowed to adopt valuation tools such as present value, which is described from the conceptual framework of these regulations. The sector that is expected to cover in the investigation is that of industrial and commercial companies due to their incidence in the economic activity of the region, in accordance with data provided by the INEC, 40.47 % of the total sales of the sector are attributed to commercial companies and 27.37 % to manufacturing. The investigation will show solutions to the problem of determining the value. Use (present value) in the assessment of assets such as plant and equipment (fixed assets). The estimation of assets in accordance with NIC (International Accounting Regulations) indicates that we must bring to current value all the cash flows that are expected to be obtained from the continuous use of an asset, a scheme that is not used in most companies due to the problems that exist especially in the definition of a discount rate applicable to development each business and activity. The investigation will base its activities on the search in the first instance of information on how their different types of assets are valuing the entities. Then it will be oriented to establish which the opportunity cost of having investment in our environment, and as a result the establishment of a usable guide is expected, which allows the determination of real values for each asset, reducing the dependence on assessments established by market, such as those established by the valuing experts, which in some cases are made empirically.

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