Climate change accounting considerations in companies under IFRS for SMEs in the metalworking sector
Keywords:
Accounting, environmental information, climate, costs, natural hazardsAbstract
The IFRS for SMEs are a set of accounting standards designed for small and medium-sized companies, which facilitate the clear, comparable and simplified presentation of their financial statements. This study addresses how the effects of climate change affect the presentation of financial statements in companies in the metal-mechanic sector in Quito. The problem identified is the disconnection between environmental impacts and their accounting reflection. The objective was to analyze the relationship between climate change and the financial presentation according to these standards. A mixed approach was used, with a non-experimental design and the application of surveys. The results reveal operational impacts, such as cost increases, alterations in the supply chain and reduction in the useful life of assets, although few companies have recorded them for accounting purposes. Statistical tests, such as Pearson's correlation, validated the hypothesis of a direct relationship. It is concluded that, despite some environmental awareness, the accounting response is still limited and fragmented.
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