Adopción de NIIF en la fundación Banco de alimentos Luz del Faro

Abstract

The company Banco de Alimentos Luz Del Faro is a non-profit organization, whose financial information, until before this work, was not in the process of transition from local to international standard. During the development of this work, according to the knowledge acquired, it has been possible to highlight the importance of the globalization of companies in their different areas, but one of the most important in this, is the financial and accounting. The adoption of international standards is an important step for organizations to grow, expand to international markets and, in this case, for the non-profit entity, to be attractive for foreign investment. For this to be possible, uniformity and compliance with the principle of understandability of financial information is necessary. This is achieved by everyone speaking the same language in terms of its preparation, presentation, and easy interpretation. Through this work, a first step is taken in the process of globalization, modernization, and organization of the Luz del Faro Food Bank in the market.