Diseño metodológico para el tratamiento contable a los activos y pasivos contingentes y a las provisiones bajo las NIIF para las Pymes sección 21 en las cooperativas de ahorro y crédito de Bucaramanga

Abstract

The objective of this document is to analyze the accounting treatment of provisions, assets and contingent liabilities under section 21 of the IFRS for SMEs in the financial cooperatives of Bucaramanga, performing a comparative analysis between the section and the Colombian accounting framework, to identify its impact in the implementation of IFRS. Section 21 of the IFRS for SMEs seeks to identify the appropriate basis for recognizing and measuring provisions, as well as disclosing the management of contingent assets and liabilities in notes to the financial statements. Therefore, it is necessary to identify risk factors that allow for proper accounting treatment. Additionally, as part of this process, it is necessary to implement accounting policies that lead to a correct accounting for said factors. When comparing the two accounting frameworks, it could be concluded that international regulations do not contemplate the treatment under memorandum accounts for events that are contingent and have a high degree of uncertainty, affecting the state of the financial situation regarding the recognition of the provisions, which are classified as estimated liabilities and as an expense in the comprehensive income statement and in the notes to the financial statements as contingent assets and liabilities.