出版社：Conferencia Academica Permanente de Investigacion Contable
摘要：This paper aims to attract the readers′ attention regarding the importance of being able to have a set of common
accounting standards to prepare financial, quantitative and qualitative accounting information related to business. This fact
facilitates global investments around the world, provides more transparency to the capital markets giving investors more reliability.
Investors, in turn, will demand a lower capital cost rate and, therefore, their growth and development will be promoted because
investment is increased; it also reduces information delivery costs because it will not be necessary to make a conversion from
the Generally Accepted Accountancy Principles of the country where investment is being made into those of the investor’s
country.
Existence and adoption of International Financial Information Standards will make it possible to generate a common
language in business.
1 st of January, 2009 or “D” day is approaching and Chilean companies will be obliged to prepare financial statements
according to the International Financial Information Standards. This date has to constitute enough motivation for us to get
interested in understanding the impact of adopting these standards in replacement of the present accounting standards; the
main differences between them; the importance in the frame of a good corporate management of companies; and also the scope
and chronology for the application of the set of laws.
