Accounting information systems in Mexico

by Hector Galicia | Oct 14, 2024 | Accounting

Regardless of the size or economic activity of the entities, they require information for decision making; according to the NIF, this information must be: True, reliable, comparable, and timely. In this article we will define key points about the...

What are the notes to financial statements in Mexico?

by Hector Galicia | Oct 10, 2024 | Español

Notes to financial statements are an integral part of an entity's financial statements. Their main purpose is to provide explanations and additional details that complement and clarify the information presented in the main financial statements. The notes help...

What are notes to financial statements in Mexico?

by Hector Galicia | Oct 10, 2024 | Accounting

Notes to financial statements are an integral part of an entity's financial statements. Their main purpose is to provide additional explanations and details that complement and clarify the information presented in the financial statements...

Understanding NIF: Financial Reporting Standards in Mexico and Their Convergence with IFRS

by Hector Galicia | Oct 10, 2024 | Español

The Financial Reporting Standards (NIF) are a set of technical regulations that establish how entities must prepare and present their financial information in Mexico. These standards aim to ensure that the information is comparable, relevant, reliable, and...

What are NIFs and why are they important?

by Hector Galicia | Oct 10, 2024 | Accounting

The Financial Reporting Standards (NIF) are a set of technical regulations that establish how entities must prepare and present their financial information in Mexico. These standards seek to ensure that the information is comparable, relevant, reliable and...