NIC 2 Inventarios y su efecto en la determinacion del costo de ventas. Caso Empresa SHELLFISH S.A.

Abstract

The main objective of this research project is to determine a cost of sales adjusted to the criteria and laws established in the international accounting standards IAS 2 Inventories. This will provide a costing and inventory valuation approach based on the reality of the company SHELFISH S.A. This will allow us to present more reliable financial information, since SHELFISH S.A. currently maintains sales prices in comparison to those determined in the European market and does not establish a costing system to determine a sales price closer to what is defined in accounting standards. For the research, for its respective data collection, some methodologies were established that would assist in decision-making and propose a specific framework for presenting the research in real time. This research made use of deductive and analytical methods that allow for the analysis and verification of all documented information, in order to identify the relevant problem, which will be reflected in the determination of a proposal. The research techniques used were interviews and observation, which allowed us to delve into more detail into how the company considers the cost of sales or what items it uses as references to determine its prices, based on the responses given by the general manager and the accountant.