Reflexiones sobre la aplicación y procedimientos de las NIIF

Abstract

International standards are unique standards because they understand to speak a single language at world level. Their raison d'être is that they must be fully comprehensible and in detail, the standard seeks to help the investor and the people involved in the administrative part to make good decisions. with a good practice in the handling of financial information; and this is where the importance of the reader is based on having good accounting, administrative and analytical knowledge. One of the elements that gave a very important change in traditional accounting are the financial statements because according to international standards must be transparent that can be compared and of very high quality, they are a faithful photograph of the financial situation of the company and bring together the five elements that comprise the structure of accounting, assets, liabilities, equity, income and expenses; with the norm it is intended that any person who takes the financial statements can understand them and have the certainty that they show the economic reality of the company in order to give a recommendation or solution as read.