Evaluation of the accounting treatment under IAS 16 and its impact on photovoltaic generation projects for industrial energy optimization
Keywords:
IAS 16; photovoltaic generation; energy optimization; industrial sustainability; energy efficiency.Abstract
This research analyzed the accounting treatment under International Accounting Standard 16 (IAS 16) and its impact on photovoltaic power generation projects aimed at industrial energy optimization in Ecuadorian companies. The study was conducted using a quantitative, correlational-explanatory, and non-experimental research design, considering a sample of 27 companies located in Quito, Latacunga, and Ibarra from the manufacturing, textile, food, and metalworking sectors. The research integrated variables related to accounting recognition, depreciation, useful life, and impairment of photovoltaic assets, as well as indicators of energy efficiency, economic savings, and financial profitability. The results showed that 81.5% of the companies adequately recognized photovoltaic systems under the guidelines established by IAS 16, although limitations related to specific accounting policies and periodic impairment assessments were still identified. Likewise, an average reduction of 31.4% in energy costs and annual savings close to USD 48,600 per company were identified. In addition, 74.1% of the projects reported positive net present values and favorable internal rates of return, confirming the economic feasibility of industrial photovoltaic generation projects. Statistical analysis revealed a significant positive correlation between the application of IAS 16 and industrial energy optimization (r = 0.784; p < 0.05). It is concluded that appropriate accounting management of photovoltaic assets strengthens financial sustainability, operational efficiency, and business competitiveness within industrial energy transition processes.
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