<b>A focus on full indexation and current value adjustment in compliance with international accounting norms</b> - doi: 10.4025/enfoque.v26i1.3577

Abstract

Since of 2005 some capital markets, had started to adopt orientation of the International Organization of Securities Comissions - IOSCO, to divulge information financial in accordance with the international accounting standards. Being thus, it has a world-wide trend converging in the adoption of this practical accounting. Particularly Brazil, to insert the accounting standard, in this process of convergence, requires that the financial reporting are presented in currency of purchasing power constant, adjusting the transactions with daily pay-settled taxes the present value. It salient in the Brazilian case that since 1996 the companies had left to recognize the inflationary effect in its financial reporting, in virtue of Law 9,249 of 26-12-1995, that she dealt with the control of the inflation during the implementation of the real plan and the end of the indexation of the demonstrations. The problem was that the 2006 enter 1995 were registered an accumulated inflation of more than 220% making impracticable the comparative analyses of the financial reporting. Ahead of this, it is perceived necessity of the companies also to detach the indexation and the adjustment the present value of the accounts with future, especially Supplying values and Customers. Therefore the correction of the values must evidence the present value and the indexation (integral), on all the accounts of the Asset, Liabilities, Equity and Year-end results. The benefit in the application of the technique of the indexation, is the evidention of the inflationary consequence in each one of the monetary accounts, such as: cash, banks, duplicates to receive, loans, suppliers, beyond correcting not monetary accounts as: supplies, anticipated expenditures, prescriptions of future exercises, among others. Therefore, this study it searched in compliance with to demonstrate the application of the Present Value and the Integral Indexation to the international accounting standards how much to the presentation of the financial reporting in constant currency.