Información financiera en un

contexto global

Universidad de los Andes

Maestría en Administración
Estructura organizacional de
IASB
 Marco Conceptual IFRS
¿Qué es?

“The Conceptual Framework sets out the concepts that

underlie the preparation and presentation of financial
statements. It is a practical tool that assists the IASB
when developing and revising IFRSs. The objective of
the Conceptual Framework project is to improve
financial reporting by providing the IASB with a complete
and updated set of concepts to use when it develops or
revises standards.”

http://www.ifrs.org/Current-Projects/IASB-Projects/Conceptual-
Framework/Pages/Conceptual-Framework-Summary.aspx
 Marco Conceptual IFRS
Estructura General

http://4.bp.blogspot.com/_GoUKLNovb9E/ScrmogP5PtI/AAAAAAAAAUw/529G
W8r6uSg/s400/framework_acc2.bmp
Estructura IFRS
 Estado de adopción

http://www.srr.com/article/ifrs-convergence-hurdle-componentization
 IFRS en Colombia

• Proceso de convergencia
– Un organismo local analiza las IFRS antes de
determinar su adopción total o parcial.
• Ley 1314 de 2009
– Se desarrolló a partir de 2010 por el Ministerio
de Comercio Exterior
– Creo que Consejo Técnico de la Contaduría
Pública
– Estableció el plan de convergencia
 Grupo 1

Tomado de material del curso de entrenamiento a cargo de Imre Karulin,

Bogotá 2014
 Grupo 2

Tomado de material del curso de entrenamiento a cargo de Imre Karulin,

Bogotá 2014
 Grupo 3

Tomado de material del curso de entrenamiento a cargo de Imre Karulin,

Bogotá 2014
 Principales impactos
IFRS versus COL GAAP

Estudio Supersociedades
 Principales impactos (2)

Estudio Supersociedades
Evidencia alrededor del mundo
 Estados Unidos
Gornik-Tomaszewski, S., & Showerman, S. (2010). IFRS in the United States: Challenges and Opportunities.
Review Of Business, 30(2), 59-71.

“The establishment of a single set of “Since 2002, it has supported efforts

high quality global accounting
standards is a matter of growing
importance as the participants in the
ever increasingly integrated world
capital markets demand
comparability and transparency of
financial reporting worldwide.”
of the Financial Accounting
Standards Board (FASB) and the
IASB to develop a common set of
high-quality global standards.”
But not yet …

“Regulatory authorities in the United

States recognize the changing needs
of investors making allocation
decisions in globally integrated
markets.”
Estados Unidos: plan de trabajo
Estados Unidos: … el balance
Los retos Los beneficios
 Estados Unidos
Wright, C., & Hobbs, S. (2010). Impact and Implications of IFRS Conversion or Convergence. Bank Accounting
& Finance (08943958), 23(4), 17-24.

Lecciones “Companies needed to do a good deal of explaining to the market about the
change.”

“Key lessons learned from IFRS conversions in Europe and elsewhere around
the world include the need to not underestimate the transition effort and to
start the planning process early.”

“Fewer rules and exceptions will require companies to establish more robust
policies and procedures internally to ensure that appropriate judgments are
made consistently throughout the organization.”

“As with any new or currently applicable accounting policy, a company will
need to have ongoing access to a variety of sources of information to achieve
and maintain capability.”
 Nueva Zelanda
Kabir, H., Laswad, F., & Islam, A. (2010). Impact of IFRS in New Zealand on Accounts and Earnings Quality Md H. Kabir, F. Laswad & Md A.
Islam Impact of IFRS in New Zealand on Accounts and Earnings Quality. Australian Accounting Review, 20(4), 343-357. doi:10.1111/j.1835-
2561.2010.00106.x

The impact of the adoption of International Financial Reporting Standards (IFRS) on

the accounts and the quality of earnings of New Zealand firms is examined.
 Europa
Aubert, F., & Grudnitski, G. (2011). The Impact and Importance of Mandatory Adoption of International Financial Reporting Standards in Europe.
Journal Of International Financial Management & Accounting, 22(1), 1-26. doi:10.1111/j.1467-646X.2010.01043.x

… “identifying significant differences in return on assets (ROA) for firms computed

under IFRS and local, generally accepted accounting principles (LG) [across 13
countries and 20 industries”
Europa
 China
Liu, C., Yao, L. J., Hu, N., & Liu, L. (2011). The Impact of IFRS on Accounting Quality in a Regulated Market: An Empirical Study of China.
Journal Of Accounting, Auditing & Finance, 26(4), 659-676. doi:10.1177/0148558X11409164

Global adoption of international accounting standards has been

increasingly debated.
Supporters of International Financial Reporting Standards (IFRS) argue
that the use of IFRS increases the quality of financial reporting and
benefits investors (Daske, Hail, Leuz, & Verdi, 2008).
Opponents argue that a single set of standards may not be suitable for
all settings and thus may not uniformly improve value relevance and
reliability due to differences among countries (Soderstrom & Sun, 2007).
China

Findings support the

hypotheses that the
quality of accounting,
especially reported earnings,
significantly improved with
the compulsory adoption of
substantially IFRS-convergent
standards in China.
 Finlandia
Lantto, A., & Sahlström, P. (2009). Impact of International Financial Reporting Standard adoption on key financial ratios. Accounting & Finance,
49(2), 341-361. doi:10.1111/j.1467-629X.2008.00283.x

“… the adoption of fair value accounting rules and stricter requirements

on certain accounting issues are the reasons for the changes observed in
accounting figures and financial ratios.”
 Colombia
Superintendencia de Sociedades, Informe Informe ESFA Empresas del Grupo 1 en el sector real
Congreso Construcción Conjunta, Medellín 22 de julio de 2014
 Colombia
Superintendencia de Sociedades, Informe Informe ESFA Empresas del Grupo 1 en el sector real
Congreso Construcción Conjunta, Medellín 22 de julio de 2014
 Colombia
Superintendencia de Sociedades, Informe Informe ESFA Empresas del Grupo 1 en el sector real
Congreso Construcción Conjunta, Medellín 22 de julio de 2014
 Colombia
Superintendencia de Sociedades, Informe Informe ESFA Empresas del Grupo 1 en el sector real
Congreso Construcción Conjunta, Medellín 22 de julio de 2014
 Colombia
Superintendencia de Sociedades, Informe Informe ESFA Empresas del Grupo 1 en el sector real
Congreso Construcción Conjunta, Medellín 22 de julio de 2014
 Colombia
Superintendencia de Sociedades, Informe Informe ESFA Empresas del Grupo 1 en el sector real
Congreso Construcción Conjunta, Medellín 22 de julio de 2014
 Colombia
Superintendencia de Sociedades, Informe Informe ESFA Empresas del Grupo 1 en el sector real
Congreso Construcción Conjunta, Medellín 22 de julio de 2014