Abstract

RUANO DELGADO, Carlos Jair; VARGAS SIERRA, Carlos Arturo  and  LASSO MARMOLEJO, Guiovanny. Convergence of Accounting Standards among Colombian SMEs. Cuad. Contab. [online]. 2018, vol.19, n.47, pp.1-23. ISSN 0123-1472.  https://doi.org/10.11144/javeriana.cc19-47.ccpc.

Using a Small and Medium-Sized Enterprises (SMEs) sample from Colombia, we conducted a research regarding the effect of the convergence-of-accounting-standards process on sixteen accounting and financial factors for 2015 year-end closing. This article examines the statistical significance of the variations in the accounting information submitted under both the Colombian accounting regulations and the International Financial Reporting Standards (IFRS). In general, we observed some significant quantitative effects occurring in the factors under study, except for the Return On Equity. Likewise we found that the effects of the said convergence process remain significant when looking at their sensitivity to the type of business developed by the company and the type of partnership they incorporated. The effects are not significant when examining the results related to the company size and the business age.

Keywords : convergence of accounting standards; IFRS; SMEs.

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