The basic postulate of Accounting Accrual is one of the fundamental principles of accounting, established by the Financial Reporting Standards (NIF) in Mexico. This postulate establishes that economic transactions and events must be recognized in the accounting period.
In the digital age, accounting has undergone a significant transformation thanks to technology. Electronic accounting, driven by digitalization and the use of cloud systems, is revolutionizing the way businesses manage their accounts.
The annual tax return is a fundamental process to comply with tax obligations in Mexico, both for individuals and corporations. This procedure is not only crucial to avoid problems with the Tax Administration Service (SAT), but also to avoid the risk of tax evasion.
The concept of "going concern" in the Financial Reporting Standards (NIF) in Mexico is fundamental for the preparation of financial statements. It refers to the assumption that an entity will continue to operate in the foreseeable future, that is, that it does not have the...
The Economic Entity (basic postulate) refers to an identifiable unit that carries out economic activities, constituted by combinations of human, financial and material resources. The personality of the economic entity is independent of its shareholders,...
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