Characterization of the concept of Simplified Accounting in Spain and Colombia

In this document we will analyze the concept of simplified accounting in Spain and Colombia, identifying its genesis, characteristics and the type of organizations for which it may be useful; organizations that correspond mainly to micro, small and medium enterprises. All of the above, in the context of the current process of international accounting standardization that our country is going through when stipulated in Law 1314 of 2009. The article takes into account the advantages and disadvantages that this process supposes and the particularities of the organizations in which the system is intended to be used.