Observación y análisis en la aplicación de la IFRS 15 "Ingresos por contratos con clientes" en el Consorcio Interceptor la Cuerera en contrato celebrado con la empresa de Acueducto y Alcantarillado de la ciudad de Villavicencio durante el periodo 2019

Abstract

Considering the conditions required for Colombia in the adoption of International Financial Reporting Standards IFRS, (International Financial Reporting Standards) or IFRS (International Financial Reporting Standards), companies in the construction sector have been required to carry out substantial changes in accounting processes, especially due to the implication of the International Financial Reporting Standard (IFRS) 15, a standard issued by the International Accounting Standards Board (IASB). For the present investigation that addresses the subject of recognition of income from construction contracts, a theoretical tour was carried out on the construction activity in the department of Meta, analyzing the main factors that have influenced the sector such as: the identification of the contract with the client, being in the case of the present investigation the construction contracts. The next factor included the identification of the performance obligations in the contract, the determination of the transaction price and the allocation of prices to the performance obligations, as well as the recognition of income as the requirements are met. performance obligations, the behavior of the sector and the current conditions of accounting administration of the activity of a company in the region; facts that allowed to establish the criteria that imply accounting changes under IFRS 15. The route of this research will broaden and provide the entrepreneur with an approach that will be reflected in the results obtained on the implications of IFRS 15 in its accounting treatment.