Inventarios y Contratos de Construcción
En esta sección se presentan diversos estudios relacionados con los múltiples temas que se desprenden del tratamiento que las Normas Internacionales de Información Financiera (IFRS por su sigla en inglés) le otorgan a los “Inventarios” y a los“Contratos de Construcción”. La presentación de los estudios se estructura en dos categorías. La primera comprende trabajos realizados por Observatorio IFRS, mientras que la segunda categoría se centra en proporcionar bibliografía de interés.
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Normas Internacionales de Contabilidad e Información Financiera e Interpretaciones que regulan esta área de información: |
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| IAS 2 | : | Inventarios |
| IAS 11 | : | Contratos de Construcción |
| IFRIC 15 | : | Acuerdos para la Construcción de Bienes Inmuebles |
Referencias bibliográficas de interés:
CÓDIGO: BICC - 001
Hoffman, M. and McKenzie, K. (2009). Must LIFO Go to Make Way for IFRS?. Tax Adviser. Volumen 40, Nº 3, pp. 156-161.
Abstract
The Internal Revenue Code has rarely linked itself to financial reporting. One significant instance in which such a link does exist is Sec. 472(c), the LIFO conformity requirement. Interestingly, as financial reporting standard setters around the globe work toward one high-quality set of standards, the use of LIFO for financial reporting purposes may be in jeopardy, at least for U.S. entities required to issue financial statements in accordance with generally accepted accounting principles (GAAP). This article examines whether the time has come for Congress to sever that link between tax and financial reporting of inventory.
Disponible en:
http://www.uic.edu/classes/actg/actg516rtr/Readings/Inventory/Must-LIFO-Go-to-Make-Way-for-IFRS.pdf
CÓDIGO: BICC - 002
Jeffers, A., Wei, M., Askew, S. (2010). The Switch from US GAAP to IFRS - Implications for Analysis Involving Inventories. Morristown, New Jersey: Northeast Business & Economics Association (NBEA) 2010 Conference Proceedings. Refereed
Abstract
The SEC has proposed the full adoption of International Financial Reporting Standards (IFRS) by U.S. filers by 2014. In this study, an examination is undertaken of the previous assertions of Jeffers & Askew (2010) that the switch from U.S. GAAP to IFRS will produce significantly different financial statement analysis and inventory valuation results. We also examine the assertions made by the International Accounting standards Board (IASB) that IFRS is superior to U.S. GAAP with regard to IFRS being a more accurate predictor of market risk based accounting measures and expectations as well as the assessment of a company’s liquidity, financial stability and strength. Our findings indicate that IFRS will indeed produce different inventory valuation results that may appear to be superior to those provided under GAAP.
CÓDIGO: BICC - 003
Larson, R., Brown, K. (2001). Lobbying of the international accounting standards committee: The case of construction contracts. Advances in International Accounting. Volume 14, Pages 47–73.
Abstract
Many cultural, political, economic and other environmental factors have been suggested as impediments to the efforts of the International Accounting Standards Committee (IASC) to harmonize international accounting standards. We investigate the relationship between lobbyists' position, and: (1) their home countries' financial accounting standards; and (2) their home countries' tax rules. The factors are tested both separately and jointly to increase our understanding of lobbying and obstacles to harmonization. Long-term construction contracts are used as our case study. Construction contracts were traditionally accounted for by either the completed contract method (CCM) or the percentage of completion method (PCM). Originally, the IASC's Standards (IASs) allowed both CCM and PCM. Thus, most countries' accounting standards complied with IASs. However, the IASC's Comparability Project, beginning with Exposure Draft (ED) 32, proposed to eliminate CCM Thirty-nine comment letters submitted on ED 32 contained specific references to long-term construction contracts. Although almost 60% opposed the complete elimination of CCM, the IASC eliminated it. However, in many ways, the IASC co-opted lobbyists by allowing the Zero Profit Method, which may effectively result in the same timing of profit recognition as CCM. Support is found for a strong link between respondents' lobbying position and both their home country's accounting standards and tax laws. Each factor may hinder the harmonization process. A high positive correlation also exists between the accounting standards and tax laws of lobbyists' countries. Beyond the possible importance of the tax and financial reporting linkage affecting harmonization, the issue of multicollinearity should signal caution when interpreting the results of lobbying studies that simultaneously include highly correlated variables in the same model.
Disponible en:
http://www.sciencedirect.com/science/article/pii/S0897366001140055
CÓDIGO: BICC - 004
Ramírez, H., y Suárez, L. (2010). Los contratos de construcción en Colombia e impacto al adoptar estándares internacionales de información financiera -NIC 11-. Criterio Libre. Volumen 8 (12), pp. 185-207
Abstract
En el presente trabajo se tratan los principales aspectos contables a tener en cuenta en el manejo de los contratos de construcción en Colombia al adoptar estándares internacionales de información financiera, permitiendo visualizar el impacto que tendría en el país la adopción de la norma internacional de contabilidad NIC 11 denominada contratos de construcción, en las empresas admitidas a cotizar en bolsa cuyos valores se comercian públicamente y las que presentan gran interés público para las cuales se recomienda seguir las NIC/NIIF, emitidas por IASB.
Disponible en: