Abstract

HERRERA-ORTEGA, Gregoria Fernanda; MONTERO-COBO, Myriam Alejandra  and  MORENO-NARVAEZ, Verónica Paulina. Impairment of inventories and its valuation of financial statements. Case study: INSPA. Universidad y Sociedad [online]. 2023, vol.15, n.3, pp. 781-794.  Epub June 30, 2023. ISSN 2218-3620.

The requirements of the International Financial Reporting Standards (IFRS) must be followed for the preparation of financial statements in companies. The accounting treatment of inventories established by the International Accounting Standards (IAS 2), shows how the value of inventories should be estimated. In this sense, this research proposes activities of control and monitoring of the deterioration of the value of inventories, considering that such results generate a great impact on the financial statements, as the most significant asset in INSPA CIA LTDA. A non-experimental study with descriptive-explanatory scope was applied. Among the main results, it was determined that in INSPA CIA LTDA, the deterioration of inventories did not affect the equity accounts, however, it did affect the financial structure. Consequently, matrices containing parameters of control, management and accounting treatment of inventories were developed.

Keywords : Inventory; Accounting management; financial statement; Impairment; Sustainable development.