The deterioration of the value of financial assets, with a view from the Marxist political economy.

Authors

  • Alexander Navarro Ruíz University of Camaguey
  • Joycet Ramírez Ruano University of Camaguey
  • María S Gil Basulto University of Camaguey

Keywords:

impairment of value, financial instruments, recoverable amount, fair value, use value, credit losses

Abstract

The background of financial instruments as an expression of money capital and the credit system is addressed, based on the development achieved in trade and capital markets, which motivated the economic sciences to establish the International Accounting Standard (IAS) 32 Instruments Financial: Presentation; This conditioned the accounting to evaluate the impact of the financial instruments in the results of the entity, by determining the value as one of its main functions.

Author Biographies

Alexander Navarro Ruíz, University of Camaguey

Ingeniero en Control Automático en la Universidad Central de las Villas. Máster en Contabilidad Gerencial. Técnico medio en Contabilidad. Actualmente se desempeña como profesor de la Facultad de Ciencias Económicas de la Universidad de Camagüey, “Ignacio Agramonte Loynaz”. Posee experiencia práctica de su profesión e imparte cursos de postgrados a especialistas del territorio en las temáticas de Control Interno, Contabilidad Financiera y Sistemas de Informarción. Miembro de Asociación Nacional de Economistas y Contadores de Cuba (ANEC).

Joycet Ramírez Ruano, University of Camaguey

Licenciada en Contabilidad y Finanzas por la Universidad de Camagüey “Ignacio Agramonte Loynaz”. Master en Ciencias en Contabilidad Gerencial, Profesora Instructora en la disciplina de contabilidad. Ha participado en varios eventos nacionales e internacionales. Se ha desempeñado como asesora para la implementación del Sistema de Control Interno en diferentes entidades. Miembro de Asociación Nacional de Economistas y Contadores de Cuba (ANEC).

María S Gil Basulto, University of Camaguey

Licenciada en Economía en la especialidad de Finanzas y Créditos en la Universidad de Oriente. Doctora en Ciencias Contables y Financieras. Ostenta la categoría docente de Profesora Titular y Consultante. Se desempeña como metodóloga en la dirección general de economía de la Universidad de Camagüey, Cuba “Ignacio Agramonte Loynaz”. Imparte asignaturas de la disciplina de Contabilidad. Actúa como profesora de la Escuela de Cuadros del Estado y del Gobierno en Camagüey. Es miembro del comité académico de la maestría de Contabilidad Gerencial y Doctorado de Contabilidad; integra el tribunal permanente para la defensa de doctorados en la especialidad de Contabilidad y Finanzas.

References

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Published

30-12-2019

How to Cite

Navarro Ruíz, A., Ramírez Ruano, J., & Gil Basulto, M. S. (2019). The deterioration of the value of financial assets, with a view from the Marxist political economy. Cuban Magazine of Finance and Prices, 3(4), 62–71. Retrieved from https://www.mfp.gob.cu/revista/index.php/RCFP/article/view/07_V3N42019_ANRyOtros

Issue

Vol. 3 No. 4 (2019): octubre - diciembre

Section

Research articles

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