Análisis de los efectos del COVID-19 en la NIIF 16 y NIC 36 del sector comercial e industrial en las empresas del cantón Cuenca

Abstract

The purpose of this work is to analyze the accounting treatment of IFRS 16 and IAS 36 in the companies of the commercial and industrial sector of Cuenca during COVID-19. It was determined that the commercial and industrial sector contributes the most to the economy of Cuenca, however, due to COVID-19 the companies suffered a decrease in demand and therefore in income. Therefore, to support the research, we proceeded to gather information regarding the regulations, changes and amendments to IFRS 16 and IAS 36, together with practical examples, in order to illustrate the changes produced at the accounting level. The methodology used is of a mixed approach, descriptive and explanatory, which took as the study population the companies of the commercial and industrial sector of the Cuenca canton, which apply the complete IFRS. The calculated sample consisted of 2 companies from the commercial sector and 2 from the industrial sector, which meet the following criteria: report of financial statements for the year 2020, register asset account for right of use and asset impairment account. The results determined that three quarters do have operating leases for the facilities where they operate, one of them was hit hard by the pandemic as it had to stop its operations for a period of 3 months, so it had to terminate some of its contracts. The three remaining companies, although they were impacted by COVID-19, the impact at the operational, accounting and financial level was minimal.