Evaluación de la aplicación de las NIIF para PYMES en las decisiones de financiamiento de las pequeñas empresas de la ciudad de Latacunga, provincia de Cotopaxi, durante el año 2024.

Abstract

This research purpose was to identify the IFRS for PYMES correct application in Latacunga, Cotopaxi province during 2024. This research addressed a quantitative approach by using as the main technique a survey applied to owners and accounting managers as well as an interview conducted with accounting managers, with the aim to collect information on the achievement level with regulations and its impact to access financing source. In addition, a documentary analysis was conducted to confirm whether the IFRS for SMEs are correctly applied, as reflected in the financial statements. The results showed the IFRS application for PYMES at companies analyzed is limited, due to training restrictions, resources, and technical knowledge, which affects the financial information quality presented to financial institutions. In addition, it was determined that companies which prepare financial reports under these standards have better opportunities to access formal financing, under optimal conditions, given that financial institutions, considering the reliability, transparency, and standardization on accounting information to be important factors to assess credit exposure. It is concluded that the proper adoption of IFRS for PYMES not only reply to a regulatory requirement, but also represents a strategic tool to reinforce financial management to increase the decision making, and contributes to the small businesses at local environment sustainability.