Equity Impact of the Convergence Process to IFRS and IPSASs

This book consists of two chapters: Chapter 1, analyzes the Equity Impact of the convergence process towards IFRS of the private sector in Colombia and Chapter 2, describes the accounting structure of the Colombian public sector and analyzes the equity impact of the convergence process. The transition is based on Law 1314 of 2019 and its regulatory decrees incorporated in the Sole Regulatory Decrees - DUR 2420 and 2496 of 2015, presenting in the country a profound change in the preparation and presentation of the Financial Statements of private and public sector companies. On the other hand, the new Regulatory Frameworks applied for the public sector, have their legal basis in Article 354 of the Political Constitution and Law 298 of 1996.