ANALISIS DE LA NIC 11 CONTRATOS DE CONSTRUCCIÓN SOBRE EL RECONOCIEMNTO DE INGRESOS Y GASTOS Y SU IMPACTO EN LAS NORMAS TRIBUTARIAS

Abstract

The International Financial Reporting Standard IFRS, they appear as a result of transactions in the international market by globalization of the economy, which is growing rapidly and many companies do become "Industrial titans". This has caused due to the need for better control and the proper development of the financial activities of the entities, are designed several policies and procedures to follow in order to ensure the proper management of economic activities and transparencies in the presentations of its financial statements, which facilitates the general public of any country to play in the same language the real situations of companies. The following regulations have been paramount in the social, economic, business sector, among others, so that the draft IFRS within the construction sector has contributed differently to handle accounting processes compared to the NEC 15 therefore it has been analyzing the impact lately has been applying IFRS in the country with regard to tax regulations. The entities of the construction sector face the problem of a specific accounting treatment applied to income from operations in losses running projects ordinary activities, costs, expenses and, as the recognition of profits you can not be made through a traditional operating system. Construction projects can often generate anticipated revenue should be accounted for and recognized in subsequent tax periods, in the same way as with the costs associated with future execution states. The following research aims to analyze how to account for the recognition of revenue and costs of construction contracts and the methods considered for the accounting processes of each fiscal period.