ERIC Number: ED346766
Record Type: Non-Journal
Publication Date: 1991-Apr-3
Reference Count: N/A
Accounting in the Context of Its Environment: The Colombian Case.
Laribee, Stephen F.; Laribee, Janet F.
This paper provides a study of the evolution of the accounting system in the country of Columbia, South America, in light of the conflict between cultural values, other environmental factors, and the financial information generated. The paper begins with an overview of Colombia's political history as well as its economic and social changes during the past 30 years. Next, the bookkeeping requirements as identified by Colombian law concerning revenues collected by the country are described. These rules cover areas of duties on imported goods; warehousing charges; charges assessed on tonnage imported; registration fees on ships that are based out of New Granada; and confiscations, special services and fines. Finally, the paper discusses the changes in the government's accounting and financial organization over the past several decades and the resulting changes in the accounting profession, including the income tax law enactment of 1931; the development of the Colombian Association of Accountants; the Colombian Commercial Code; and the Regulation of Accounting Standard, decree 2160. It is noted that these changes have been influenced by a wide variety of historical, political, economic, and social factors. It is also noted that accounting has become a career choice offered in the Colombian higher education system; that there are 13 private and public colleges and universities that offer a major in accounting; and that the Minister of Education has set a minimum of accounting courses that must be offered. It is noted, too, that almost all of the instructors are practitioners who teach accounting courses on a part-time basis. Contains eight references. (GLR)
Publication Type: Reports - Descriptive; Speeches/Meeting Papers
Education Level: N/A
Authoring Institution: N/A
Identifiers - Location: Colombia