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The purpose of the study is to analyze the origin, evolution and contribution of turnkey contracts from the accounting perspective in Panama. To arrive at the objective of the research, a mixed approach and a descriptive methodological design are used. The research technique and instruments respond to documentary sources obtained from the Internet and evaluative information from public entities such as the Ministry of Economy and Finance, General Directorate of Public Procurement and the National Institute of Statistics and Census of Panama. Therefore, from the accounting perspective, it is described that the contractual model is a legal instrument that establishes obligations and duties between the parties (public and private sector), where the beneficiary is the company, therefore, its value is recognized in the assets, liabilities and capital of the financial accounting of the interested sectors. They participate in the contractual acts of
the administrators of the public treasury and of which, in the fiscal period studied, turnkey contracts represent 51% of the public bidding acts for best value awarded. Consequently,
the documentary information and empirical values of the financial accounting system and national accounts allow us to observe and measure the contribution of turnkey contracts to the well-being of Panamanian society. In conclusion, it is recognized that the contractual model originates around the gas and oil industry, and then migrates to globalized trade, contributing to the economic development of countries. In the Republic of Panama, they have managed to ensure that Panamanian society has fundamental infrastructures for economic and social development and environmental protection.
