La crisis del concepto prudencia a causa del tránsito de las normas nacionales austriacas de información financiera a las normas internacionales

Matthias Reeh Michael () and Molina Roa Nelson Andrés ()
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Matthias Reeh Michael: Universidad de Económia y Negocios de Viena
Molina Roa Nelson Andrés: Universidad de la Salle

Contaduría y Administración, 2013, vol. 58, issue 2, 91-112

Abstract: As a member of the European Union (EU), Austrian nation has gradually incorporated International Financial Reporting Standards (IFRS), Normas Internacionales de Información Financiera (NIIF) in spanish, to its accounting and Disclosure of Financial Information processes in replacement of Local National Standards called Unternehmensgesetzbuch (UGB). During this process of convergence, prudence principle has been in crisis within IFRS conceptual frame because it has been changed by fair value principle. That is way this paper presents the basic principles of national Austrian, UGB, compared with those of the IFRS to analyze, first, the reasons why prudence concept went into crisis and, secondly, if fair value principle is right to replace it.

Keywords: Austria; Normas Internacionales de Información Financiera; principio de prudencia; principio de valor justo (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:nax:conyad:v:58:y:2013:i:2:p:91-112

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