Applicability of the special opening balance sheet in EPPs e MEs: a study of the implementation of NBCs TG 1001 and 1002 in Cuiabá – MT

Abstract

This study sought to investigate the application and initial adoption of NBCs TG 1001 and 1002. The general objective is to diagnose whether accounting professionals in micro and small companies are preparing to apply the standards. The specific objectives are: to identify what will change for micro and small companies with the new standards, to present the necessary elements and criteria used to prepare the special opening balance sheet and to find out whether accounting professionals are aware of the new standards. The research methodology used was a literature review and data collection using an electronic questionnaire, addressed to accounting professionals in the city of Cuiabá - Mato Grosso. The results showed that the majority of respondents are aware of the standards and intend to apply them, but only a small proportion have actually started to do so. In addition, they show that they have the skills to prepare the special opening balance sheet for initial adoption, but the low prospect of obtaining some documents would make the balance sheet partially consistent with reality. The study makes a contribution by tackling a recent subject that has not yet been widely studied, opening the way for further research.