IMPLICACIONES CONTABLES EN LA REVALUACIÓN DE PROPIEDADES, PLANTA Y EQUIPO

Abstract

Since the Superintendency of Companies established from the year 2010, the mandatory application of International Financial Reporting Standards in our country, through schedule presented in Resolution No. 08.G.DSC.010, the implementation of these new accounting regulations have triggered in questions regarding the proper and correct application of them, specifically in an area of vital importance in any productive process, such as property, plant and equipment; therefore, the need arises to present this academic article to expose the correct accounting treatment in relation to the new recognition of this item after its activation: the revaluation. The revaluation is to present properties, plant and equipment at market values; that is, to establish their fair value and to compare them to their book value at the end of an accounting period. For a better understanding of the subject, the present article through a bibliographic analysis concerning the interpretation of the International Accounting Standard 16 Properties, Plant and Equipment, explains through the explanation of cases the accounting implications in the revaluation and concludes that the registry revaluation accounting generates a tax effect due to the disagreement of both regulations