Abstract

CHAVEZ CRUZ, Gonzalo Junio; CHAVEZ CRUZ, Ricardo Darío  and  MAZA INIGUEZ, José Vicente. Assets and liabilities for deferred taxes IAS 12, a look from Ecuador. Universidad y Sociedad [online]. 2020, vol.12, n.2, pp. 452-457.  Epub Apr 02, 2020. ISSN 2218-3620.

The objective of this work is to analyze the treatment and correct accounting record of deferred assets and liabilities also known as temporary differences. Since 2010, Ecuador adopted the International Financial Reporting Standards, causing a change in the accounting paradigm and the criteria for recognition, measurement and reporting of the financial statements, since before their adoption in the country they were not recognized and neither recorded, causing distortion in the presentation of the financial statements. With the application of International Accounting Standard 12, it is sought first to report to investors reasonable information and on this basis calculate taxes and taxes that are administered by the superintendence of companies and the internal revenue service for tax collection purposes. The method used is the case study and two examples are presented for the registration of deferred tax assets and liabilities, the results in the application of this standard is the presentation of reliable, comparable and transparent financial statements that do not generate future conflicts in more payments of taxes. The correct management of deferred assets and liabilities allows to report reasonable balances in the accounts of the financial statements.

Keywords : Deferred assets; Deferred liabilities; IAS 12; temporary differences.

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