Métodos de Revalorización de Propiedad Planta y Equipo en el GAD Provincial de Tungurahua

The revaluation of Property, Plant and Equipment (PPE) is the accounting process that seeks to determine the reasonableness of the financial information of the goods, under this parameter, the objective of the present investigation is to analyze the revaluation methods that are applicable according to the Standards International Accounting for the Public Sector (IPSAS), for the determination of an appropriate fair value of the assets of the Provincial GAD of Tungurahua. The investigation raised in the first instance carried out a theoretical review on the regulations that oblige the Non- Financial Public Sector (SPNF) to apply the IPSAS and the current Accounting Regulations of the Ministry of Finance, subsequently an interview was applied to the GAD Tungurahua officials to determine the revaluation methods (market method and cost method) to be applied to the entity's assets. Through an analysis between the information of: the goods, the market and the CPI of Ecuador, the fair value was determined to prepare the records of the accounting adjustments derived from the revaluation according to its regulations. Finally, when using the proposed methods, the value of the PPE assets is updated according to the market price and therefore the financial information will be reasonable, in addition there will be an economic saving for the SPNF entities, because the revaluation is a new issue in the Public sector entities were required to hire external consultants.