Elaboracion de la politica contable de la propiedad planta y equipo utilizando la seccion 17 para Pyme IPS Urban Medispa SAS

Abstract

Accounting policies are the principles, basis, rules, agreements and specific procedures adopted by a company for the recognition and measurement of transactions, events and economic events for the conditions of the preparation and presentation of the financial statements used for IFRS for SMEs. According to the International Standards, it is evident that one of the most important and most impacting issues for companies and that they all have is related to Property, Plant and Equipment, this issue will significantly affect the financial results, converting them to competitive States and have a better vision in front of the investors. Due to the above, the need to start the application stage toward international standardization is increased, for this reason it is necessary to identify and analyze which components are to be developed, and it is necessary that each of the companies identify the specific need in the administration of its fixed assets, analyzing the importance that certain assets may have, due to their economic relevance and determining a strategic plan that allows them to be in harmony with regulatory compliance and internal reporting. At present, there is still a lot of ignorance about the good management of the assets that make up a company, about what is an asset and what is not. In compliance with the International Financial Reporting Standard, IFRS, section 17, property, plant and equipment, the Ips Urban Medispa must comply with the updating of accounting regulations, as well as to know the treatment that will be used accounting applying criteria that will lead to these to have their Financial Statements correctly aligned with the international scope.

Determine the attributed cost according to the three existing options (cost, fair value or a commercial appraisal. Determine the criteria for selecting and modifying the accounting policies consisting of the time and the accounting and financial treatment to be disclosed, the effects and changes in the estimates and correction of errors in order to guarantee comparability with the financial statements. It has defined its accounting policies in a set, principles, basis, rules and specific procedures that are based on the International Financial Reporting Standards for SMEs, issued by the IASB International Accounting Standards Board. In development of Law 1314 of 2009, regulated among other decrees 3022 of December 27, 2013 and 2014 of 2015, which must be applied in Colombia for legal entities and natural persons, becoming a normative framework for preparers of financial information according to the group that be classified. The application of the standard will allow the accounting information to be more relevant and improve the quality of the general purpose financial information prepared and presented by IPS Urban Medispa SAS also our policy manual will allow us to apply accounting policies with recognition, measurement, presentation and disclosure requirements based on IFRS, making information for decision making more reliable and useful. This accounting policy is mandatory by IPS URBAN.