For the development of the project of the updating of the accounting policies under IFRS of the Copevisa Cooperative, three (3) phases were established, the first consists of advising on the convergence of accounting and financial information standards; which proposes to make a diagnosis about the accounting processes, the second is based on the preparation of manual and implementation of the accounting processes, which will be carried out with respect to the diagnosis developed in phase I. The third and final phase will have as an objective the issuance of the accounting policies under IFRS. In order to carry out the development of Phase I, which aimed to prepare a report on the accounting processes of Cooperativa Copevisa, diagnostic, intervention and evaluation were carried out in three stages: Diagnosis: Its purpose is the collection of information through the consultation of primary and secondary sources, about the current regulations in relation to IFRS and those documents issued by the entities that regulate the solidarity sector. Intervention: This stage consisted in implementing the action plan where face-to-face interventions, virtual interventions and information analysis were carried out. Evaluation: The delivery of the report made under the accounting diagnosis developed during the execution of the project that will be used as a guide for phase II, and will be aimed at updating the accounting policies in phase III. To conclude phase I, a booklet with a more comprehensible and explanatory language was elaborated where associates will find basic accounting concepts and the result of the diagnosis developed. The methodology was carried out using a descriptive type of investigation that allowed to determine directly from the sources the impact that this adoption produces; The interview was used as a means to understand current processes and to collect information from the entity, which once obtained was subjected to an analysis process. It should be noted that the execution of this project allowed us to closely analyze the impact that the International Standard produces on the entities of the solidary sector, taking into account that it should not be seen only as an obligation but as an opportunity for growth when interacting with new markets and foreign investors