Bibliographic citations
Caicedo, J., Torres, D. (2024). Estudio de la aplicación de la NIC 21 en los Estados Financieros de una Organización No Gubernamental, 2023 [Trabajo de Suficiencia Profesional, Universidad Peruana de Ciencias Aplicadas (UPC)]. http://hdl.handle.net/10757/682945
Caicedo, J., Torres, D. Estudio de la aplicación de la NIC 21 en los Estados Financieros de una Organización No Gubernamental, 2023 [Trabajo de Suficiencia Profesional]. PE: Universidad Peruana de Ciencias Aplicadas (UPC); 2024. http://hdl.handle.net/10757/682945
@misc{renati/1300025,
title = "Estudio de la aplicación de la NIC 21 en los Estados Financieros de una Organización No Gubernamental, 2023",
author = "Torres Fernandez, Diego Armando",
publisher = "Universidad Peruana de Ciencias Aplicadas (UPC)",
year = "2024"
}
This research aims to analyze the impact of applying IAS 21 on the financial statements of an NGO in Peru during the period 2023. Given the lack of stability in the exchange rate in recent years, with a variation of 15% between 2015 and 2024, the NGO is affected and exposed to significant fluctuations in the exchange difference. This is due to the fact that the income from donations is received in U.S. dollars, and its frequent operations are also conducted in this currency. Therefore, IAS 21 is analyzed, as it provides guidelines for proper accounting management of transactions conducted in foreign currency and allows for the adaptation of the functional currency to mitigate the impact of exchange rate differences on the financial statements. The research follows a qualitative approach and is based on a review of scientific literature, complemented by a sample of three professional experts in accounting and finance. Instruments such as in-depth interviews (with 11 questions) and the review of related studies were used, which helped achieve the research objectives. Finally, the change of functional currency was evaluated as an improvement option for the NGO, observing that most of its operations are conducted in foreign currency. This would allow for better accounting dynamics and, therefore, more accurate financial information. By adopting this change, the standards established by an international standard would be incorporated, leading to improvements in the financial reports presented.
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