{"id":3870,"date":"2024-11-10T20:44:20","date_gmt":"2024-11-11T02:44:20","guid":{"rendered":"https:\/\/q1dapyf5zv.onrocket.site\/?p=3870"},"modified":"2024-11-10T20:53:10","modified_gmt":"2024-11-11T02:53:10","slug":"nif-b-6-estado-de-situacion-financiera","status":"publish","type":"post","link":"https:\/\/taxid.mx\/english\/nif-b-6-estado-de-situacion-financiera\/","title":{"rendered":"NIF B-6 Statement of Financial Position"},"content":{"rendered":"

Financial Reporting Standard B-6 (NIF B-6), entitled "Statement of financial position", establishes guidelines for the presentation and structure of the balance sheet in economic entities. Its main objective is to ensure that the financial statements are comparable, both with those of previous periods of the same entity and with those of other organizations.<\/p>\n\n\n\n

Objective and Scope of NIF B-6<\/h3>\n\n\n\n

The purpose of NIF B-6 is to define the standards for the presentation and structure of the statement of financial position, also known as the balance sheet or statement of financial position. It seeks to make these statements comparable and to present in a clear and orderly manner the assets, liabilities and equity of an entity at a specific date. This standard is applicable to all profit-making entities that issue financial statements in accordance with the NIF B-6. NIF A-1<\/a>, which defines the conceptual framework of the Financial Reporting Standards in Mexico.<\/p>\n\n\n\n

Structure of the Statement of Financial Position<\/h3>\n\n\n\n

NIF B-6 allows two main formats for the presentation of the financial position statement:<\/p>\n\n\n\n

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  1. Account form<\/strong>: Presents assets on the left side and liabilities along with shareholders' equity on the right side, or in vertical format, showing assets first, then liabilities, and finally shareholders' equity.<\/li>\n\n\n\n
  2. Report form<\/strong>: It is presented vertically, starting with assets, followed by liabilities and ending with equity.<\/li>\n<\/ol>\n\n\n\n

    Regardless of the format chosen, it is essential that the statement of financial position includes, as appropriate, the following items:<\/p>\n\n\n\n