IFRS Standards as a Management Tool: Perceptions of College Students in Management and Accounting Science Programs
Abstract
This study aims to reveal the perceptions of college students in management and accounting science study programs at a public university in Cúcuta, Colombia, regarding the International Financial Reporting Standards (IFRS) as a management tool. This study adopted an empirical-analytical paradigm and a quantitative approach. The research design was nonexperimental, cross-sectional, and descriptive. The population under study was composed of 5,000 students, and the sample comprised 326 individuals in three study programs: BS in public accounting, BS in business management, and AS in commercial and financial management. The data collection instrument was a questionnaire with 25 questions and a Likert scale, which was used to analyze multiple variables: socio-demographic aspects, knowledge of IFRS, and IFRS as a management tool. Each one of these variables was composed of several dimensions and aspects. The data were analyzed using descriptive statistical processes. In general terms, most participants perceive they have clear and accurate knowledge of the IFRS in every one of the areas studied here, including their potential utilization as a management tool. In conclusion, a significant percentage of the students consider the IFRS a management tool that supports decision-making; accounting and financial management; the control of corporate operations and financial information; the identification and analysis of operational, tactical, and managerial problems; and technology adjustments and adaptations.
References
Aguas González, M. A., Maldonado Ibáñez, D. P., Ruz Gómez, A. (2019). Análisis de la percepción en la implementación de las NIIF en estudiantes de contaduría pública. Liderazgo Estratégico, v. 9, n. 1, 110-118. https://revistas.unisimon.edu.co/index.php/liderazgo/article/view/3807
Al-Adeem, K. R. (2020). Cultural challenges for countries implementing International Financial Reporting Standards without contributing to their creation. African Journal of Accounting, Auditing and Finance, v. 7, n. 1, 66-86. https://doi.org/10.1504/AJAAF.2020.109199
Ardila Bernal, F., García Estévez, D. M., Ardila Bernal, J. (2016). Rediseño e implementación de las NIIF en las PYME. Análisis Financiero, n. 132, 102-109. https://dialnet.unirioja.es/servlet/articulo?codigo=5782366
Ariza Angarita, Y. (2019). Aprehendibilidad de las Normas Internacionales de Información Financiera (NIIF): visión crítica de su realidad universitaria. Dictamen Libre, v. 14, n. 24, 131-148. https://doi.org/10.18041/2619-4244/dl.24.5468
Bahadir, O., Demir, V., Gul Oncel, A. (2016). IFRS Implementation in Turkey: Benefits and Challenges. Journal of Accounting and Management Information Systems, v. 15, n. 1, 5-26. https://ideas.repec.org/a/ami/journl/v15y2016i1p5-26.html
Castoriadis, C. (1983). La institución imaginaria de la sociedad. Tusquets.
Cedeño-Choéz, P. J. (2016). Aplicación de las Normas Internacionales de Información Financiera (NIIF) en Ecuador, caso PyMEs de la construcción en la ciudad de Manta. Dominio de las Ciencias, v. 2, n. 1, 44-62. https://dominiodelasciencias.com/ojs/index.php/es/article/view/27
Chen, Ch., Lee, E., Lobo, G. J., Zhu, J. (2017). Who Benefits From IFRS Convergence in China? Journal of Accounting, Auditing & Finance, v. 34, n. 1, 99-124. https://doi.org/10.1177/0148558X16688115
Choi, Y. S., Peasnell, K., Toniato, J. (2013). Has the IASB been successful in making accounting earnings more useful for prediction and valuation? UK evidence. Journal of Business Finance & Accounting, v. 40, n. 7-8, 741-768. https://doi.org/10.1111/jbfa.12025
Coppelli Ortiz, G. (2018). La globalización económica del siglo XXI. Entre la mundialización y la desglobalización. Estudios Internacionales, v. 50, n. 191, 57-80. https://revistaei.uchile.cl/index.php/REI/article/view/52048
Dias, M., Teles, A., Duzert, Y. (2018). Did embraer succeed in adopting the International Financial Reporting Standards (IFRS) in Brazil? European Journal of Accounting, Auditing and Finance Research, v. 6, n. 2, 37-48. https://www.eajournals.org/journals/european-journal-of-accounting-auditing-and-finance-research-ejaafr/vol-6-issue-2-february-2018/did-embraer-succeed-in-adopting-the-international-financial-reporting-standards-ifrs-in-brazil/
Dlaskova, G., Cipovova, E. (2018). Valuation of intangible assets according to Czech accounting standards and IFRS in the context of explanatory power of financial statements. Marketing and Management of Innovations, n. 3, 59-67. http://doi.org/10.21272/mmi.2018.3-05
Domínguez Rubio, F. (2001). Teoría de las representaciones sociales. Apuntes. Nómadas. Revista Crítica de Ciencias Sociales y Jurídicas, v. 3, n. 1, 15-126. https://revistas.ucm.es/index.php/NOMA/article/view/37909
Giraldo-Plaza, J. E., Ovalle-Carranza, D. A. (2020). Modelado de la gestión curricular basada en procesos de negocio sensibles al contexto. Revista CEA, v. 6, n. 12, 129-146. https://doi.org/10.22430/24223182.1526
Gómez Villegas, M. (2016). NIIF y MIPYMES: retos de la contabilidad para el contexto y la productividad. Cuadernos de Administración, v. 29, n. 53, 49-76. https://doi.org/10.11144/Javeriana.cao29-53.nmrc
Hellmann, A., Patel, C. (2021). Translation of International Financial Reporting Standards and implications for judgments and decision-making. Journal of Behavioral and Experimental Finance, v. 30, 100479. https://doi.org/10.1016/j.jbef.2021.100479
Irina, T. V. (2015). IFRS introduction as a prerequisite for the adaptation of the Russian economy to the requirements of the international capital market. Tomsk State University Journal, n. 393, 178-184. http://journals.tsu.ru/vestnik/en/&journal_page=archive&id=1246&article_id=24481
Kaaya, I. D. (2015). The International Financial Reporting Standards (IFRS) and value relevance: A review of empirical evidence. Journal of Finance and Accounting, v. 3, n. 3, 37-46. http://pubs.sciepub.com/jfa/3/3/1
León, R., Gallegos, M., Vallejos, M., Guerrero, W., Acosta, B. (2020). Herramientas gerenciales: usos, beneficios y dificultades en su implementación en organizaciones de economía popular y solidaria. Revista Gestão E Desenvolvimento, v. 17, n. 2, 3-31. https://doi.org/10.25112/rgd.v17i2.2014
Ley 1314 de 2009. Por la cual se regulan los principios y normas de contabilidad e información financiera y de aseguramiento de información aceptados en Colombia, se señalan las autoridades competentes, el procedimiento para su expedición y se determinan las entidades responsables de vigilar su cumplimiento. (2009, 13 de julio). Congreso de la República de Colombia. D. O. No 47409
Mackenzie, B., Coetsee, D., Njikizana, T., Selbst, E., Chamboko, R., Colyvas, B., Hanekom, B. (2013). Wiley IFRS 2013: Interpretation and Application of International Financial Reporting Standards. John Wiley & Sons, INC.
Moscovici, S. (1979). El psicoanálisis, su imagen y su público. Huemel
Nedelko, Z., Potocan, V., Dabic, M. (2015). Current and future use of management tools. Ekonomika a Management, v. 18, n. 1, 28-45. https://doi.org/10.15240/tul/001/2015-1-003
Nouri, B., Soltani, M. (2017). Analyzing the use of strategic management tools and techniques between Iranian firms. Academy of Strategic Management Journal, v. 16, n. 1, 1-18. https://www.abacademies.org/articles/analyzing-the-use-of-strategic-management-tools-and-techniques-between-iranian-firms-6517.html
Obradovic, V. (2014). Inconsistent application of international financial reporting standards. Economic Horizons, v. 16, n. 3, 239-251. https://doi.org/10.5937/ekonhor1403239O
Orobio Montaño, A., Rodríguez Rodríguez, E. M., Acosta Quevedo, J. C. (2018). Análisis del impacto de implementación de las normas internacionales de información financiera (NIIF) en el sector industrial de Bogotá para PYMEs. Cuadernos de Contabilidad, v. 19, n. 48, 1-18. https://doi.org/10.11144/Javeriana.cc19-48.aiin
Ovallos Gazabon, D., Alvarez Cantillo, A., Miranda Alvarez, A. (2017). Ética y responsabilidad social del contador frente a las Normas Internacionales de Información Financiera (NIIF) en Colombia. Un análisis prospectivo. Revista Espacios, v. 38, n. 37, 14-32. https://www.revistaespacios.com/a17v38n37/a17v38n37p14.pdf
Patiño J., R. A., Valero Z., G. M., Plata B., M. T., González A., S. D. P. (2017). Efectos de las normas contables internacionales en las Instituciones de Educación Superior en Colombia. Actualidad Contable Faces, v. 20, n. 35. https://link.gale.com/apps/doc/A509893545/IFME?u=anon~4d22dba9&sid=googleScholar&xid=06039254
Pawliczek, A., Meixnerova, L., Navratilova, D. (2015). Influential analysis of selected management tools on economic value added based on difference analysis method. International Business Management, v. 9, n. 6, 1249-1256. http://docsdrive.com/pdfs/medwelljournals/ibm/2015/1249-1256.pdf
Perea M., S. P., Castellanos, S., Heiberg, A., Valderrama, V., Yosman, J. (2016). Estados financieros previsionales como parte integrante de un conjunto completo de estados financieros en ambiente NIIF. Una propuesta en el marco de la lógica difusa. Actualidad Contable Faces, v. 19, n. 32, 113-141. http://www.saber.ula.ve/handle/123456789/41739
Pérez Grau, S. L. (2020). Dominio y percepción de las NIIF por los contadores públicos en Barranquilla, Colombia. Cuadernos de Contabilidad, v. 21, 1-15. https://doi.org/10.11144/Javeriana.cc21.dpnc
Phaal, R., Farrukh, C. J. P., Probert, D. R. (2006). Technology management tools: concept, development and application. Technovation, v. 26, n. 3, 336-344. https://doi.org/10.1016/j.technovation.2005.02.001
Puspa Arum, E. (2013). Implementation of International Financial Reporting Standards (IFRS) and the quality of financial statement information in Indonesia. Research Journal of Finance and Accounting, v. 4, n. 19, 200-207. https://www.iiste.org/Journals/index.php/RJFA/article/view/9517
Ramírez Cortés, A. V. (2020). Vínculos entre la percepción de Merleau-Ponty y la imaginación de Castoriadis: primera aproximación a la propuesta teórica de dos entidades activas y constructoras. Contribuciones a las Ciencias Sociales. https://www.eumed.net/rev/cccss/2020/04/vinculos-percepcion-imaginacion.html
Renders, A., Gaeremynck, A. (2007). The impact of legal and voluntary investor protection on the early adoption of International Financial Reporting Standards (IFRS). De Economist, n. 155, 49-72. https://doi.org/10.1007/s10645-006-9041-y
Reyes Maldonado, N. M., Chaparro García, F., Guerrero Barajas, A. H. (2020). Normas Internacionales de Información Financiera como instrumentos de gestión empresarial y control gerencial: más allá de una función en contabilidad. Revista Universidad y Empresa, v. 22, n. 39, 1-25. https://doi.org/10.12804/revistas.urosario.edu.co/empresa/a.7561
Sherman, H., Young, S. (2016). Where financial reporting still falls short. Harvard Business Review, v. 94, n. 7, 77-84. https://hbr.org/2016/07/where-financial-reporting-still-falls-short
Silva Palomino, J. D., Zabaleta de Armas, M. (2015). Es la formación del docente universitario en Normas Internacionales de Información Financiera (NIIF) adecuada para el proceso de enseñanza aprendizaje de los estudiantes. Liderazgo Estratégico, v. 5, n. 1, 76-90. https://revistas.unisimon.edu.co/index.php/liderazgo/article/view/3239
Vergara-De la Ossa, R., Londoño-Vega, C. I., Pérez-Benítez, N. D. C., Torres-Castellar, R. (2015). La adopción de las Normas Internacionales de Información Financiera en Colombia. Panorama Económico, v. 23, n. 1, 119-132. https://doi.org/10.32997/2463-0470-vol.23-num.1-2015-1382
Zeller, T., Kostolansky, J., Bozoudis, M. (2019). An IFRS-based taxonomy of financial ratios. Accounting Research Journal, v. 32, n. 1, 20-35. https://doi.org/10.1108/ARJ-10-2017-0167