NIF B-4 Statement of Changes in Shareholders' Equity

by Hector Galicia | Nov 10, 2024 | Accounting

Financial Reporting Standard B-4 (NIF B-4) is key to the presentation and understanding of the statement of changes in shareholders' equity, providing relevant information for all those interested in the financial analysis of an entity. This NIF details the...

Strategies to reduce tax risks: practical tips to minimize common mistakes and avoid penalties

by Hector Galicia | Nov 8, 2024 | Uncategorized

Tax compliance is a key aspect for the success and stability of any company. However, many business owners and accountants make common mistakes that can lead to penalties, fines or even audits by the SAT. Fortunately, these mistakes are...

NIF B-3 Statement of comprehensive income

by Hector Galicia | Nov 2, 2024 | Accounting

Financial Reporting Standard B-3 (NIF B-3) establishes the guidelines for the presentation and structure of the statement of comprehensive income in Mexico. Its objective is to provide a clear and comparable representation of the financial operations of an entity...

NIF B-2 Cash flow statement

by Hector Galicia | Nov 2, 2024 | Accounting

In recent years, the interest of users of financial information regarding the entity's cash flows has grown significantly. Importance of the cash flow statement Some of the reasons for the importance of the cash flow statement are:

Application of NIF D-1 in Long-Term Projects

by Hector Galicia | Nov 2, 2024 | Accounting

NIF D-1, focused on the recognition of revenue from contracts with customers, is crucial for companies that manage long-term projects, such as construction. This standard allows revenue to be recognized as the delivery of goods or services progresses.