Análisis de la aplicación de la NICSP 33: adopción por primera vez de las Normas Internacionales de Contabilidad del Sector Público, en la empresa Electro Generadora del Austro ELECAUSTRO S.A.

Abstract

With the aim of establishing parameters, which allow for the comparability among organizations with public capital, it has developed International Public Sector Accounting Standards (IPSAS), based on the International Financial Reporting Standards (IFRS). The present integrative project called “ANALYSIS OF THE IMPLEMENTATION OF IPSAS 33: FIRST-TIME ADOPTION OF ACCRUAL BASIS INTERNATIONAL PUBLIC SECTOR ACCOUNTING STANDARDS, IN THE COMPANY ELECTRO GENERADORA DEL AUSTRO ELECAUSTRO S.A.”, was carried out with the purpose of providing an instructive for the application of these rules both for ELECAUSTRO SA, as for other organizations constituted as a limited Company, whose capital comes from Public Sector entities. In Chapter I, provides information ELECAUSTRO S.A., which is of great importance to know the current situation of the company, performing an assessment of Internal Control and a financial analysis. In Chapter II, presents the Theoretical Framework, which contains the necessary concepts for the development of IPSAS within the Company. In particular, of IPSAS 33 that contains exemptions for first-time adoption of this regulation. In Chapter III develops each of the IPSAS, which are applicable to ELECASUTRO S. A, including the necessary adjustments to begin the process of transition from IFRS to IPSAS. Additional to this was developed the plan of implementation of the IPSAS in the company. Finally, in Chapter IV elaborates the Findings and recommendations of the development of the work.