Análisis de la aplicación de las Normas Internacionales de Información Financiera para las Compañías con actividades de factoring

Abstract

Introduction. Companies are responsible for the preparation and fair presentation of financial statements, in accordance with IFRS. Aim. Analyze the International Financial Reporting Standards (Full or SMEs) in conjunction with their policies and estimates to determine the correct application to the business model of the Company "ABQ" in accordance with the financial statements presented as of December 31, 2021. Methodology. The design was based on the positivist research paradigm, with an exploratory and cross-sectional research design, as well as documentary support. For the study, the company "ABQ" S.A. was determined. whose purpose is factoring operations and related activities. Results. In fiscal year 2021, the Company's operation has not been affected thanks to the existing technological development which allowed remote access to the different servers, these have protection barriers. Revenues had an increase of 3.8% in relation to those obtained in fiscal year 2020, which approximately represents an increase in accounts receivable in the Factoring portfolio of US$1.8 million in relation to 2020. Past-due portfolio recovery continues to be a process very slow given the vulnerability that many of the debtors still maintain in the face of the political and social crisis due to the scourge of organized crime and drug trafficking. Conclusion. The International Financial Reporting Standards "IFRS" Complete or Full, have been designed to be applied to the Financial Statements.