Las subvenciones de Gobierno en los sectores estratégicos del Buen Vivir

Abstract

The governments give support to the companies and people in general in the global level. This is done through different types of aid and incentives, with the purpose to get better the development and economic increase. In Ecuador, these aid are granted by the state to the different agricultural sector associations under the MAGAP supervision (agriculture, Cattle raising, and Fishing ministry). These associations require international regulations to have a correct valuation, recognition, registration and presentation. The International Accounting Standard "IAS 20", of Accounting for Official Subventions, and IAS 41 (Agriculture), establishes the criteria that the associations have to follow for the accounting of transactions, this includes the form of the financial statements presentation. The subventions in Ecuador require that they be categorized in order to make clear the differences that exist between subsidies and subventions that the state grants, It is also important to know how the aids and subventions are destined to the different organizations that have been received in Ecuador, in addition, the accounting process for the subventions could be developed in an effective manner and this will be reflected in the presentation of financial statements and decision making.