Identificar las consecuencias del Covid – 19 en la NIIF 16 de las empresas del sector comercial del cantón Cuenca

Abstract

The accounting framework for operating leases foresees a series of alterations in the financial years from the entry into force of IFRS 16 from January 01, 2019, in addition to modifications to the standard called "Leasing concessions related to COVID-19” from May 2020 to June 2022. In this sense, this article aims to identify the consequences of COVID-19 in the application of IFRS 16 leasing in companies in the commercial sector of Canton Cuenca. The methodology was based on a mixed research approach of descriptive and correlational type on the information of 15 companies in the commercial sector of Canton Cuenca-Ecuador from 2019 to 2022. Financial ratios were applied in the first instance, then the sample was submitted to Shapiro Wilk normality tests, and subsequently, the t-Student and Wilcoxon tests were performed in the IBM SPSS Statistics software. The results revealed a decrease in assets, liabilities, and net income and an impact on Return on Equity (ROE), leverage, Earnings Before Interest and Taxes (EBIT), and Earnings Before Interest, Taxes, Depreciation, And Amortization (EBITDA). It is concluded that the consequences of COVID-19 had no impact on the International Financial Reporting Standards (IFRS 16) of companies in the commercial sector in Canton Cuenca.