The adoption of accounting for international standards of financial information has generated great challenges in Colombia without precedent for the professional in the preparation, preparation and presentation of financial statements. The Colombian state has defined the regulatory mechanisms and others that favor the promotion of this type of initiatives and through its special administration units - U.A.E. - as the technical council of public accounting, the issuance of guidelines, specifically the one dealt with in this work, professional guidance No. 14, for the treatment of financial information under international standards of non-profit entities. In the present work, the objective was to determine the implications of the observance of decree 2706 of 2012 and technical guidance No. 14 of 2015 issued by the technical council of public accounting, for the presentation of financial statements of the fundacion casa de the musical culture, methodological aspects being the type of descriptive study making an analysis that characterizes real events establishing a cause-relationship (technical guidance No. 14) on the effects generated, which would be the implications that would have on non-profit entities, in this case (fundacion casa de la cultura musical). Likewise, specific objectives were carried out, such as identifying the relevant aspects that would imply the observance of technical guidance No. 14, describing the aspects dealt with in technical guidance No. 14, and finally simulating the presentation of financial statements, comparing the differences between decree 2706 of 2012 and technical guidance No. 14 of 2015, which allowed concluding that the concepts framed in decree 2706 of 2012 for the issuance of financial statements, can be adopted the terminology used by the technical guidance no .14 of 2015, with the purpose that these comply with the qualitative characteristics of the information in the financial statements in particular the understandability. It is also concluded that, for non-profit entities, accounting can be organized by means of funds and deferred methods, which allow allocated resources to be recorded by funds (segmented) in activities to be carried out in the period or the resources are deferred to future periods. The concepts used to denominate a donation because they can be presented in kind, money or equivalent to it, and can generate in the presentation of financial statements increases in the net asset (patrimony) or in the income. Finally, it is concluded that, when performing a simulation for the presentation of the financial statements, it was possible to classify the elements that make up the financial statements according to (decree 2706, 2012) and (technical orientation no. 14, 2015) in accordance with the registration needs of the entity, which allowed to subtract and frame differences between the financial statements of the decree and of the guidance. Within the simulation that was developed, it is stated that the records of the activity may vary according to professional criteria, by the way in which resources are obtained and assigned.