Innovative accounting strategies to optimize implementation of IFRS 16 in companies [Estrategias contables innovadoras para optimizar la implementación de la NIIF 16 en empresas]

Abstract

IFRS 16 establishes a uniform treatment for leases, eliminating the distinction between operating and finance leases. Consequently, the objective of this study is to propose accounting strategies for a correct implementation of the standard in companies in Quito, Ecuador. A non-experimental, mixed approach was used, with a descriptive and explanatory scope. The results indicate that the application of IFRS 16 has altered the financial structure of the companies consulted in Quito, especially in the debt/equity ratio and financial costs. Although the standard improves the visibility of indebtedness, it does not significantly affect the credit rating or the perception of risk. Strategies such as the development of internal policies, use of technology and staff training are suggested to mitigate risks and ensure compliance with the standard. It is concluded that it is important to continue adjusting accounting strategies to ensure an efficient and sustainable implementation in the long term.