THE PARADOX OF WATER IN THE PRODUCTION COSTS OF THE ZULIANO BREWING INDUSTRIAL SECTOR IN VENEZUELA

Abstract

The present investigation consisted of identifying the measurement and cost valuation methods used for the accounting record of water as a natural resource applied in the production process and its relative paradox of its monetary amount in the production costs of the Zulia brewing industrial sector in Venezuela. in order to obtain reasons that justify or not its financial inclusion based on a dissertation on the Theories of Value of the Economic Schools: Classical and Neoclassical, as accounting references representative of reality in the accounting of historical cost and fair value. The methodology used was field; descriptive; Non-experimental and transactional, the data were collected through surveys of key informants from the Zulia brewing industrial sector, applying a Likert-scale selection questionnaire after validity and reliability tests were carried out. It is concluded that water taken as an environmental service does not have an accounting reference that allows its inclusion in the production costs of these industries since conventional financial accounting systems do not capture representation references of the accounting reality other than the historical cost and the fair value anchored in the current schools of Theories of Economic Value.