Treatment of the deferred tax from the valuation of biological activies low NIIF in the camaronera industry of Ecuador

Abstract

Currently the presentation of information in the financial statements of the shrimp sector does not have a specific structure defined that allows to standardize the procedures for the correct application of the International Information Standards Financial – IFRS. In this context, this Article aims to assess biological assets under IFRS and to establish the treatment of deferred tax by the Southern Agricultural Production Cooperative in order to achieve an accurate measurement of shrimp production. The article characterizes the current production process and limitations of recognition and valorization of production, finally emphasizing the measurement of the biological asset at fair value.

Keywords

• normas internacionales de información financiera
• activo biológico
• impuesto diferido
• valuación de inventario
• costos de producción.