Points to consider when opening your accounting firm
Opening an accounting firm is an excellent option for accountants looking to offer professional services independently or as part of a team. In addition to having the necessary technical skills, it is important to take into account certain legal aspects, such as:
The Professional Services Provision Contract
What is a Service Provision Contract? A service provision contract is an agreement between two parties, the service provider and the contractor, in which the former undertakes to carry out an activity or provide a specific service, and the latter undertakes to...
NIF C-7: Investments in Associates, Joint Ventures and Other Permanent Investments
Financial Reporting Standard C-7 focuses on the accounting treatment of investments in associates, joint ventures and other permanent investments. The key points of this standard are detailed below: 1. Definitions and Scope: The main definitions and scope of the accounting treatment are:
NIF C-6 Property, Plant and Equipment
NIF C-6 refers to the “Financial Reporting Standard C-6: Property, Plant and Equipment”. This standard is part of the Financial Reporting Standards in Mexico and addresses the accounting treatment of property, plant and equipment. Here are some points...