EFFECTS OF THE IMPLEMENTATION OF INTERNATIONAL ACCOUNTING REGULATIONS ON PUBLIC COMPANIES IN THE COLOMBIAN ELECTRICITY SECTOR

Abstract

The article analyzes the effects of the implementation of Resolution 743 of 2013 on the accounting information of public companies in the Colombian electricity sector, which refers to the adoption of International Financial Reporting Standards (IFRS) for some public companies. It is a descriptive and comprehensive analysis that involves the situation of the electricity sector, the effects on financial magnitudes and the procedural changes derived from the implementation of this type of accounting innovations. The research finds that the transformations assumed are the result of a change in the organizational economic model, where, rather than attending to the international regulation model, it responds to a process of concentration of strategic assets by actors that have the capacity to capture the regulation.