The Deferred Tax and the Usefulness of Financial Information

Abstract

The purpose of this Article is to determine whether the method of accounting for profit tax in Section 29 of IFRS for SMEs is appropriate.  This objective was raised in the context of the international debate on this subject, since it is considered that it is costly for such companies to implement them.  The theories analyzed deal with the usefulness of financial information and deferred tax.  The method used was quantitative.  Some statistical tools were used that helped to determine the distribution of the data and to obtain the equality of means.  These tools were that of Shapiro Wilk and the W of Wilcoxon. The results found denote that in the small companies of Ecuador the change of regulations of the NEC Equatorian Accounting Standards to IFRS International Financial Reporting Standards are beneficial, therefore, it would be entering within the logic of the tax effect method as a profit tax registration model.