Postulado Básico Negocio en Marcha

Basic Postulate for an Ongoing Business

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...
Postulado básico Entidad Económica

Basic Postulate Economic Entity

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,...
Postulado Básico Sustancia Económica

Basic Postulate Economic Substance

One of the 8 basic postulates mentioned in NIF A-2 is Economic Substance, which establishes that priority must be given to the economic essence of transactions over their legal form. Examples of the postulate “Economic Substance”…