Análisis de la implementación y aplicación de la NIIF 16 “Arrendamientos” en el sector de comercio de vehículos automotores de la ciudad de Cuenca

Abstract

The present article illustrates the analysis of the implementation and application of the “NIIF 16 Lease” norm at the car renting commerce in Cuenca city. As a starting point, it analyzed if the international norm generates a difference in the presentation of the financial statements at the car renting commerce. The applied methodology focuses on a descriptive, deductive, qualitative, and quantitative investigation. This methodology analyzes the study sector, exposing that in fact, the application of the “NIIF 16” norm in the mentioned sector generates differences in the presentation of the financial statements of the car renting commerce. After the recognition, its denoted the existence of a change in the income statements of each company, meanwhile using the “NIC17” norm treatment at the lease expenses, affects the income statement significantly. On the other hand, the “NIIF 16” norm shows a rise in the financial assets and liabilities by recognizing these incomes by the lease treatment. The increment leads to the corresponding depreciation for the leased asset, leaving evident changes in the state of the financial situation.