Publicación:

Conversión de la información financiera de la empresa Manufacturas Linos y Rayas S.A. al grupo 2 de las NIIF para Pymes

Resumen

The implementation of accounting in Colombian entities through Decree 2649 of 1993, sought to document the economic events mainly in assets, liabilities, equity, income, costs or expenses, at the end of the accounting period the following financial statements are issued: Balance Sheet, Income Statement, Statement of Changes in Equity, Statement of Changes in Financial Position and Statement of Cash Flow. But being obsolete principles that did not reflect the financial reality of the entity and also, the implementation of the free trade agreement, it was necessary to adjust to the International Financial Reporting Standards, allowing that today the accounting process is not only limited to classify information according to operations performed, but provides the possibility of knowing the real picture of the entity through a detailed analysis and thus improve financial decision making.