Importance of the intervention of the administration in the transition process to international financial reporting standards "IFRS" in the micro-enterprises in Sogamoso, Colombia

merely governs professionals in accounting and finance departments of their respective entities. The fact is that it i also a process that involves all levels of management, and should generally commence from the highest levels of management, due to the importance and meaning of this project that affects the entire organization, including but not limited t its business strategies. The management of micro-enterprises in Sogamoso is also not an exempt. In a way, it hasn't considered the impact that the process of convergence brings to the organization, and its impact in decision-making, as well as the competitive advantages that the improvement in the quality of the financial information can bring them. This article's aim is to cover this subject through an exploratory analytical approach, and to visualize the importance of the intervention of the administration in the process of transition to the IFRS. The conclusions of this document are proposing strategies that guide and allow a better management intervention in the convergence process especially in Sogamoso's micro-enterprises.

• Tipo de recurso: http://purl.org/coar/resource_type/c_6519
• Fecha de publicación: 2013
• Institución: Universidad Pedagógica y Tecnológica de Colombia
• Repositorio: RiUPTC: Repositorio Institucional UPTC
• Idioma: spa
• OAI Identifier: oai:repositorio.uptc.edu.co:001/10176
• Acceso en línea: https://revistas.uptc.edu.co/index.php/investigacion_duitama/article/view/2167; https://repositorio.uptc.edu.co/handle/001/10176
• Palabra clave: convergence; SMEs; competitiveness; IFRS; management.; convergencia; PyMES; competitividad; NIIF; administración
• License: Derechos de autor 2013 REVISTA DE INVESTIGACIÓN DESARROLLO E INNOVACIÓN