{"id":3744,"date":"2024-10-15T11:28:54","date_gmt":"2024-10-15T17:28:54","guid":{"rendered":"https:\/\/q1dapyf5zv.onrocket.site\/?p=3744"},"modified":"2024-10-15T11:28:57","modified_gmt":"2024-10-15T17:28:57","slug":"caracteristicas-cualitativas-informacion-financiera","status":"publish","type":"post","link":"https:\/\/taxid.mx\/english\/caracteristicas-cualitativas-informacion-financiera\/","title":{"rendered":"Qualitative Characteristics of Financial Information (NIF)"},"content":{"rendered":"

According to the Financial Reporting Standards (NIF)<\/a> the "utility"<\/strong> It is the fundamental characteristic that financial statements must have.<\/p>\n\n\n\n

 This characteristic is defined as:<\/p>\n\n\n\n

\u201cthe quality of satisfying the common needs of users and constitutes the starting point for deriving the remaining qualitative characteristics\u2026\u201d<\/em><\/p>\n\n\n\n

Classification of qualitative characteristics of financial statements<\/h3>\n\n\n\n

According to paragraph 4.1.1. of the NIF A-1<\/a>, the qualitative characteristics are classified into:<\/p>\n\n\n\n

    \n
  1. Fundamental qualitative characteristics<\/strong> (must be met without exception)<\/li>\n\n\n\n
  2. Qualitative characteristics of improvement<\/strong> (highly desirable and met at their highest possible level)<\/li>\n<\/ol>\n\n\n\n

    Key features (relevance and faithful representation)<\/h3>\n\n\n\n

    Qualitative characteristics fundamentals<\/u><\/strong> are:<\/p>\n\n\n\n

      \n
    1. Relevance:<\/u><\/strong> This characteristic is met when the financial statements influence the economic decision-making of those who use them.<\/li>\n<\/ol>\n\n\n\n

      For financial statements to be relevant they must:<\/p>\n\n\n\n

        \n
      1. Serve as a basis for making predictions and confirming them (prediction and confirmation values)<\/strong>; and\n
          \n
        1. Show the most important aspects of the entity (relative importance).<\/strong><\/li>\n<\/ol>\n<\/li>\n<\/ol>\n\n\n\n