Análisis de deterioro de la plusvalía mercantil (Goodwill) de la Compañía Química S.A.

Abstract

The degree project aims to perform an analysis, according to the guidelines of International Financial Reporting Standards (IFRS), of the goodwill or intangible assets with indefinite useful lives in the company, Quimica S.A. Furthermore, it seeks to raise awareness of the importance of complying with the accounting regulatory framework applicable in Ecuador, since the reporting of financial information is usually more aligned with tax regulations. The calculations use a 5-year projected future flows horizon and they are based on the company income statements of the last 5 years, where the discount rate is calculated in accordance with the financial and economic variables of the chemicals industry as well as the economic environment of Ecuador. The comparison between book value versus the net present value of future cash flows, will allow to determine whether there exists an impairment on the intangible assets or goodwill. Another important aspect developed is a sensitivity analysis of Quimica S.A, on the main financial hypotheses and the projection of the flow in compliance with the international financial information standards. This analysis will allow the administration of the company to monitor the maximum variations that can be given on these hypotheses, so as not to present deterioration in its intangible asset and be able to implement the respective adjustment in its financial statements for its correct presentation.