Abstract

CATOLICO-SEGURA, Diego Fernando; CELY-ANGARITA, Viviana Rocío  and  PULIDO-LADINO, Jeniffer Rocío. Disclosure of financial information on property, plant and equipment in industrial companies listed in Colombia. Cuad. Contab. [online]. 2013, vol.14, n.spe36, pp.943-970. ISSN 0123-1472.

This document is the result of a research process that aimed to determine the degree of disclosure of the accounting information on property, plant and equipment in industrial companies listed on the Colombian Stock Exchange (BVC), from the requirements defined in the international standards of accounting and financial reporting issued by the Board of International Accounting Standards (International Accounting Standards Board, IASB). To do this, financial statements published on the companies websites were analyzed, comparing the displayed information with the disclosure guidelines that apply to the accounting category under study. With the obtained evidence, a low degree of information disclosure is shown as companies recognize the general elements of revelation, but they do not tell details of the information associated with the subsequent measurement, the events following the close or specific items. This may be caused by the companies use of formats for the presentation of the cover and the notes of the financial statements, limiting the information disclosed, whereby, considering the process of accounting convergence, companies must improve the quality of the publication of information related to property, plant and equipment.

Keywords : Information disclosure; international financial reporting standards; international accounting standards; accounting convergence; Financial information; International Financial Reporting Standards (IFRS); international accounting standard; Revelation in the statement of changes in financial position.

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