{"id":1113,"date":"2024-02-22T10:06:01","date_gmt":"2024-02-22T16:06:01","guid":{"rendered":"https:\/\/anepsaglobal.com\/?page_id=1113"},"modified":"2025-04-02T19:59:13","modified_gmt":"2025-04-03T01:59:13","slug":"normas-internacionales-de-informacion-financiera","status":"publish","type":"page","link":"https:\/\/anepsaglobal.com\/en\/normas-internacionales-de-informacion-financiera\/","title":{"rendered":"International Financial Reporting Standards | Anepsa Global"},"content":{"rendered":"<div data-elementor-type=\"wp-page\" data-elementor-id=\"1113\" class=\"elementor elementor-1113\" data-elementor-post-type=\"page\">\n\t\t\t\t<div class=\"elementor-element elementor-element-2d9c9e7 e-flex e-con-boxed e-con e-child\" data-id=\"2d9c9e7\" data-element_type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-6e5870c9 elementor-widget elementor-widget-heading\" data-id=\"6e5870c9\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h1 class=\"elementor-heading-title elementor-size-default\">international financial reporting standards (IFRS)<\/h1>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-3a31ed38 e-con-full e-flex e-con e-parent\" data-id=\"3a31ed38\" data-element_type=\"container\">\n\t\t<div class=\"elementor-element elementor-element-ca383dc e-con-full e-flex e-con e-child\" data-id=\"ca383dc\" data-element_type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-3d6fdbe0 elementor-widget elementor-widget-heading\" data-id=\"3d6fdbe0\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">International Financial Reporting Standards<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-6b308588 e-con-full e-flex e-con e-child\" data-id=\"6b308588\" data-element_type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-6fa68a02 elementor-toc--minimized-on-tablet elementor-widget elementor-widget-table-of-contents\" data-id=\"6fa68a02\" data-element_type=\"widget\" data-settings=\"{&quot;headings_by_tags&quot;:[&quot;h3&quot;],&quot;exclude_headings_by_selector&quot;:[],&quot;min_height&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:0,&quot;sizes&quot;:[]},&quot;marker_view&quot;:&quot;numbers&quot;,&quot;no_headings_message&quot;:&quot;No se ha encontrado ning\\u00fan encabezado en esta p\\u00e1gina.&quot;,&quot;minimize_box&quot;:&quot;yes&quot;,&quot;minimized_on&quot;:&quot;tablet&quot;,&quot;hierarchical_view&quot;:&quot;yes&quot;,&quot;min_height_tablet&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;min_height_mobile&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]}}\" data-widget_type=\"table-of-contents.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-toc__header\">\n\t\t\t\t\t\t<h4 class=\"elementor-toc__header-title\">\n\t\t\t\tindex\t\t\t<\/h4>\n\t\t\t\t\t\t\t\t\t\t<div class=\"elementor-toc__toggle-button elementor-toc__toggle-button--expand\" role=\"button\" tabindex=\"0\" aria-controls=\"elementor-toc__6fa68a02\" aria-expanded=\"true\" aria-label=\"Open the table of contents\"><i aria-hidden=\"true\" class=\"fas fa-chevron-down\"><\/i><\/div>\n\t\t\t\t<div class=\"elementor-toc__toggle-button elementor-toc__toggle-button--collapse\" role=\"button\" tabindex=\"0\" aria-controls=\"elementor-toc__6fa68a02\" aria-expanded=\"true\" aria-label=\"Close the table of contents\"><i aria-hidden=\"true\" class=\"fas fa-chevron-up\"><\/i><\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<div id=\"elementor-toc__6fa68a02\" class=\"elementor-toc__body\">\n\t\t\t<div class=\"elementor-toc__spinner-container\">\n\t\t\t\t<i class=\"elementor-toc__spinner eicon-animation-spin eicon-loading\" aria-hidden=\"true\"><\/i>\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-44932f9b e-con-full e-flex e-con e-child\" data-id=\"44932f9b\" data-element_type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-11727ac elementor-widget elementor-widget-image\" data-id=\"11727ac\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"723\" height=\"481\" src=\"https:\/\/anepsaglobal.com\/wp-content\/uploads\/2024\/09\/Normas-Internacionales-de-Informacion-Financiera-Correccion.png\" class=\"attachment-large size-large wp-image-2609\" alt=\"Normas Internacionales de Informaci\u00f3n Financiera (Correcci\u00f3n)\" srcset=\"https:\/\/anepsaglobal.com\/wp-content\/uploads\/2024\/09\/Normas-Internacionales-de-Informacion-Financiera-Correccion.png 723w, https:\/\/anepsaglobal.com\/wp-content\/uploads\/2024\/09\/Normas-Internacionales-de-Informacion-Financiera-Correccion-300x200.png 300w, https:\/\/anepsaglobal.com\/wp-content\/uploads\/2024\/09\/Normas-Internacionales-de-Informacion-Financiera-Correccion-18x12.png 18w\" sizes=\"(max-width: 723px) 100vw, 723px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-b9e8055 e-flex e-con-boxed e-con e-parent\" data-id=\"b9e8055\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-5ee71bcb e-con-full e-flex e-con e-child\" data-id=\"5ee71bcb\" data-element_type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-5e7bf63d elementor-widget elementor-widget-heading\" data-id=\"5e7bf63d\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">What are financial reporting standards in Mexico? <\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-a0f54e2 e-con-full e-flex e-con e-child\" data-id=\"a0f54e2\" data-element_type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-c9ccdbb elementor-widget elementor-widget-spacer\" data-id=\"c9ccdbb\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-439aeac4 elementor-widget elementor-widget-text-editor\" data-id=\"439aeac4\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">The Financial Reporting Standards (NIF) in Mexico are a set of regulations issued by the Mexican Council for Research and Development of Financial Reporting Standards (CINIF). These standards regulate the information contained in financial statements and are widely accepted by various institutions, being widely used by users of financial information in the country.<\/span><\/p><p><span style=\"font-weight: 400;\">The application of these standards is essential to provide theoretical support and establish clear criteria on how financial information should be presented in financial statements. This guarantees the comparability, transparency and reliability of the information for users.<\/span><\/p><p><span style=\"font-weight: 400;\">NIFs cover different aspects and classifications, ranging from A to E, and are updated periodically to reflect changes in the economic, legal and financial environment. They arise in response to the needs of users of financial information and changing market conditions, ensuring that accounting information is relevant and useful for decision making.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-07bf607 e-flex e-con-boxed e-con e-parent\" data-id=\"07bf607\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-c2dec84 e-con-full e-flex e-con e-child\" data-id=\"c2dec84\" data-element_type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-74990b6 elementor-widget elementor-widget-heading\" data-id=\"74990b6\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">What Is the Classification of Financial Reporting Standards?<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-98b0b45 e-con-full e-flex e-con e-child\" data-id=\"98b0b45\" data-element_type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-905304d elementor-widget elementor-widget-spacer\" data-id=\"905304d\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7b76312 elementor-widget elementor-widget-text-editor\" data-id=\"7b76312\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Financial Reporting Standards (FRS) are classified into five main categories, designated A to E, depending on the area of application:<\/span><\/p><ol><li style=\"font-weight: 400;\" aria-level=\"1\"><b>Conceptual framework and structure of standards<\/b><span style=\"font-weight: 400;\">: This classification addresses the conceptual framework of accounting, the basic postulates and the way in which financial statements are prepared.<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><b>Standards applicable to financial statements<\/b><span style=\"font-weight: 400;\">: Refers to the application of NIF in the preparation of financial statements, including the cash flow statement, the income statement, the statement of financial position (balance sheet), among others.<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><b>Standards applicable to specific concepts in financial statements<\/b><span style=\"font-weight: 400;\">: This category focuses on specific aspects within the financial statements, such as accounts receivable, investments, inventories, tangible assets, advance payments, among others.<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><b>Rules applicable to problems determining results<\/b><span style=\"font-weight: 400;\">: Specific problems related to the determination of financial results are addressed here, such as leases, recognition of revenue from contracts with customers, employee benefits, among others.<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><b>Rules applicable to specialized activities in different sectors<\/b><span style=\"font-weight: 400;\">: This classification focuses on specialized activities, both for-profit and non-profit, such as gifts received or gifts given.<\/span><\/li><\/ol><p><span style=\"font-weight: 400;\">These standards are supported by major international institutions and provide a solid framework for accounting practice, ensuring uniformity, transparency and reliability of financial information. Its proper application helps organizations and entities understand their financial situation and make informed decisions.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-2883841 e-flex e-con-boxed e-con e-parent\" data-id=\"2883841\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-16319ec e-con-full e-flex e-con e-child\" data-id=\"16319ec\" data-element_type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-d3a7d1d elementor-widget elementor-widget-heading\" data-id=\"d3a7d1d\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">What Are International Financial Reporting Standards? (IFRS)<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4da2cf1 elementor-widget elementor-widget-spacer\" data-id=\"4da2cf1\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-e71a5e4 e-con-full e-flex e-con e-child\" data-id=\"e71a5e4\" data-element_type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-d3bac7c elementor-widget elementor-widget-text-editor\" data-id=\"d3bac7c\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">International Financial Reporting Standards (IFRS), also known as IFRS (International Financial Reporting Standards), are a set of regulations established by the International Accounting Standards Board (IASB), with the objective of creating a homogeneous basis for the presentation of financial information and financial statements at a global level.<\/span><\/p><p><span style=\"font-weight: 400;\">IFRS covers a wide range of accounting aspects, including:<\/span><\/p><ul><li style=\"font-weight: 400;\" aria-level=\"1\"><b>Presentation of financial statements<\/b><span style=\"font-weight: 400;\">: They establish the requirements for the presentation and structure of financial statements, ensuring that the information is clear, understandable and comparable.<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><b>Valuation of assets and liabilities<\/b><span style=\"font-weight: 400;\">: They establish principles and methodologies for the valuation of assets and liabilities, including criteria for initial and subsequent measurement and for the evaluation of impairment.<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><b>Accounting and recording of income and expenses<\/b><span style=\"font-weight: 400;\">: They establish the principles for the recognition and accounting of income and expenses in the financial statements, ensuring the adequate representation of economic transactions.<\/span><\/li><\/ul><p><span style=\"font-weight: 400;\">These standards are adopted by countries and entities around the world in order to improve the transparency, comparability and quality of financial information, facilitating decision-making for investors, lenders and other users of financial information.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-1e81029 e-flex e-con-boxed e-con e-parent\" data-id=\"1e81029\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-0c554d2 e-con-full e-flex e-con e-child\" data-id=\"0c554d2\" data-element_type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-5b31f69 elementor-widget elementor-widget-heading\" data-id=\"5b31f69\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">What are IFRS for?<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-a7c8a03 elementor-widget elementor-widget-spacer\" data-id=\"a7c8a03\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-8194dba e-con-full e-flex e-con e-child\" data-id=\"8194dba\" data-element_type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-23de33f elementor-widget elementor-widget-text-editor\" data-id=\"23de33f\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">International Financial Reporting Standards (IFRS) have several fundamental purposes:<\/span><\/p><ul><li style=\"font-weight: 400;\" aria-level=\"1\"><b>Transparency of financial information<\/b><span style=\"font-weight: 400;\">: IFRS establishes clear and consistent criteria for the presentation of financial information, allowing users to easily understand the financial position and performance of an entity.<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><b>Improved comparability<\/b><span style=\"font-weight: 400;\">: By following common accounting standards around the world, IFRS facilitates the comparison of financial statements between different entities and countries. This helps users evaluate and compare the financial performance of different companies more effectively.<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><b>Informed decision making<\/b><span style=\"font-weight: 400;\">: By providing more transparent and comparable financial information, IFRS enables users, such as investors, lenders and financial analysts, to make more informed and informed decisions.<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><b>Knowledge of the financial situation<\/b><span style=\"font-weight: 400;\">: The application of IFRS in a company provides a clear and accurate picture of its financial position, performance and cash flow. This helps managers and owners make strategic decisions and effectively manage the company&#039;s financial resources.<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><b>Credibility and attractiveness for investors<\/b><span style=\"font-weight: 400;\">: By adopting recognized international standards, a company improves its credibility and attractiveness to potential investors. The application of IFRS can help build trust in the company and demonstrate its commitment to transparency and quality of financial information.<\/span><\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-1162728 e-flex e-con-boxed e-con e-parent\" data-id=\"1162728\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-ef6ea31 e-con-full e-flex e-con e-child\" data-id=\"ef6ea31\" data-element_type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-d24b5a5 elementor-widget elementor-widget-heading\" data-id=\"d24b5a5\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">IFRS Standards<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-53fa3c3 elementor-widget elementor-widget-spacer\" data-id=\"53fa3c3\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-0d403a6 e-con-full e-flex e-con e-child\" data-id=\"0d403a6\" data-element_type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-cd110e2 elementor-widget elementor-widget-text-editor\" data-id=\"cd110e2\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">There are 4 sections that make up the IFRS:<\/span><\/p><ol><li style=\"font-weight: 400;\" aria-level=\"1\"><b>International Financial Reporting Standards (IFRS)<\/b><span style=\"font-weight: 400;\">: These standards are issued by the International Accounting Standards Board (IASB) and are designed to be applied in the preparation and presentation of financial statements of for-profit entities. IFRS includes standards such as IFRS 9 on financial instruments, IFRS 15 on revenue from contracts with customers and IFRS 16 on leases, among others.<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><b>International Accounting Standards (IAS)<\/b><span style=\"font-weight: 400;\">: These standards were issued by the International Accounting Standards Board (IASC) before the creation of the IASB. Although some IAS have been replaced by IFRS, many remain relevant and applicable. They cover a wide range of accounting topics, including financial statement presentation, inventory accounting, lease accounting, and cost accounting, among others.<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><b>IFRS Interpretation Committee (FINICI)<\/b><span style=\"font-weight: 400;\">: This committee provides guidance on the application of IFRS and resolves issues of interpretation that arise in practice. Their interpretations, known as IFRIC, clarify the application of IFRS in specific situations and help ensure uniform application of accounting standards around the world.<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><b>Standing Interpretations Committee (SIC)<\/b><span style=\"font-weight: 400;\">: This committee issued interpretations on accounting standards issued by the IASC. Although it no longer issues new interpretations, its previous interpretations remain relevant in many cases and provide guidance on specific accounting issues.<\/span><\/li><\/ol><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">Together, these four sections form a comprehensive framework of accounting standards and guidance that are applied worldwide to ensure the consistency and quality of financial information presented by entities.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-b511d07 e-flex e-con-boxed e-con e-parent\" data-id=\"b511d07\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-3206261 e-con-full e-flex e-con e-child\" data-id=\"3206261\" data-element_type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-1530d72 elementor-widget elementor-widget-heading\" data-id=\"1530d72\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">What IFRSs apply to a real estate appraisal?<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-c703782 elementor-widget elementor-widget-spacer\" data-id=\"c703782\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-5302eee e-con-full e-flex e-con e-child\" data-id=\"5302eee\" data-element_type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-b48219e elementor-widget elementor-widget-text-editor\" data-id=\"b48219e\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p class=\"\" data-start=\"201\" data-end=\"642\">When we carry out a real estate valuation under the framework of the <strong data-start=\"267\" data-end=\"327\">International Financial Reporting Standards (IFRS)<\/strong>There are several key regulations we must take into account. These regulations not only define how the value of real estate should be recorded and measured, but also guide us on how to present those values transparently and accurately. Here I share the <strong data-start=\"589\" data-end=\"598\">IFRS<\/strong> most relevant for a real estate appraisal:<\/p><h5><strong>1. IFRS 3 \u2013 Business Combinations<\/strong><\/h5><p><strong>2. IFRS 8 \u2013 Operating Segments*<\/strong><\/p><p><strong>3. IFRS 9 \u2013 Financial Instruments*<\/strong><\/p><h5><strong>4. IFRS 13 \u2013 Fair Value Measurement<\/strong><\/h5><h5><strong>5. IFRS 15 \u2013 Revenue from Contracts with Customers<\/strong><\/h5><h5><strong>6. IFRS 16 \u2013 Leases<\/strong><\/h5><h5><strong>7. IFRS 40 \u2013 Investment Property<\/strong><\/h5><h6>*Not directly related to real estate, although in very specific situations it may be applicable to this area.<\/h6>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-51527ac elementor-widget elementor-widget-spacer\" data-id=\"51527ac\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-7b22887b e-con-full e-flex e-con e-parent\" data-id=\"7b22887b\" data-element_type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-7fa15e6f elementor-widget elementor-widget-heading\" data-id=\"7fa15e6f\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h1 class=\"elementor-heading-title elementor-size-default\">ANEPSA GLOBAL<\/h1>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-9b573d3 elementor-widget__width-initial elementor-widget-mobile__width-inherit elementor-widget elementor-widget-text-editor\" data-id=\"9b573d3\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>With Anepsa Global it is possible for this and other types of appraisals to be carried out, contact us by leaving your information or sending a message through our social networks, we are here to provide you with advice and guide you so that you know what type of appraisal is best for you.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-51b48f58 elementor-align-left elementor-widget elementor-widget-button\" data-id=\"51b48f58\" data-element_type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm elementor-animation-grow\" href=\"https:\/\/anepsaglobal.com\/en\/pongamonos-en-contacto\/\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">Contact us<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-2c7bbb05 e-flex e-con-boxed e-con e-parent\" data-id=\"2c7bbb05\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-313b2dab elementor-widget elementor-widget-global elementor-global-1446 elementor-widget-heading\" data-id=\"313b2dab\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h5 class=\"elementor-heading-title elementor-size-default\">Links that may interest you<\/h5>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-7d45b88a e-grid e-con-boxed e-con e-parent\" data-id=\"7d45b88a\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-2b5f3889 elementor-position-top elementor-widget elementor-widget-image-box\" data-id=\"2b5f3889\" data-element_type=\"widget\" data-widget_type=\"image-box.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-image-box-wrapper\"><figure class=\"elementor-image-box-img\"><a href=\"https:\/\/anepsaglobal.com\/en\/normas-de-informacion-financiera\/\" tabindex=\"-1\"><img decoding=\"async\" src=\"https:\/\/anepsaglobal.com\/wp-content\/uploads\/2024\/02\/Normas-de-Informacion-Financiera.png\" title=\"\" alt=\"\" loading=\"lazy\" \/><\/a><\/figure><div class=\"elementor-image-box-content\"><h4 class=\"elementor-image-box-title\"><a href=\"https:\/\/anepsaglobal.com\/en\/normas-de-informacion-financiera\/\">FINANCIAL REPORTING STANDARDS<\/a><\/h4><\/div><\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-39a36fc2 elementor-position-top elementor-widget elementor-widget-image-box\" data-id=\"39a36fc2\" data-element_type=\"widget\" data-widget_type=\"image-box.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-image-box-wrapper\"><figure class=\"elementor-image-box-img\"><a href=\"https:\/\/anepsaglobal.com\/en\/avaluo-comercial\/\" tabindex=\"-1\"><img decoding=\"async\" src=\"https:\/\/anepsaglobal.com\/wp-content\/uploads\/2024\/02\/Avaluo-Comercial.png\" title=\"\" alt=\"\" loading=\"lazy\" \/><\/a><\/figure><div class=\"elementor-image-box-content\"><h4 class=\"elementor-image-box-title\"><a href=\"https:\/\/anepsaglobal.com\/en\/avaluo-comercial\/\">COMMERCIAL APPRAISAL<\/a><\/h4><\/div><\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6d5f7268 elementor-position-top elementor-widget elementor-widget-image-box\" data-id=\"6d5f7268\" data-element_type=\"widget\" data-widget_type=\"image-box.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-image-box-wrapper\"><figure class=\"elementor-image-box-img\"><a href=\"https:\/\/anepsaglobal.com\/en\/avaluo-catastral\/\" tabindex=\"-1\"><img decoding=\"async\" src=\"https:\/\/anepsaglobal.com\/wp-content\/uploads\/2024\/02\/Avaluo-Catastral.png\" title=\"\" alt=\"\" loading=\"lazy\" \/><\/a><\/figure><div class=\"elementor-image-box-content\"><h4 class=\"elementor-image-box-title\"><a href=\"https:\/\/anepsaglobal.com\/en\/avaluo-catastral\/\">PROPERTY VALUATION<\/a><\/h4><\/div><\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>","protected":false},"excerpt":{"rendered":"<p>Do you confuse IFRS with NIF? Some have a presence in Mexico and others are global, it is very important for your company to know how to apply them correctly, as they are a standard in accounting. Learn more about International Financial Reporting Standards\u2026<\/p>","protected":false},"author":4,"featured_media":1115,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"content-type":"","footnotes":""},"class_list":["post-1113","page","type-page","status-publish","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/anepsaglobal.com\/en\/wp-json\/wp\/v2\/pages\/1113","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/anepsaglobal.com\/en\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/anepsaglobal.com\/en\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/anepsaglobal.com\/en\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/anepsaglobal.com\/en\/wp-json\/wp\/v2\/comments?post=1113"}],"version-history":[{"count":38,"href":"https:\/\/anepsaglobal.com\/en\/wp-json\/wp\/v2\/pages\/1113\/revisions"}],"predecessor-version":[{"id":3828,"href":"https:\/\/anepsaglobal.com\/en\/wp-json\/wp\/v2\/pages\/1113\/revisions\/3828"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/anepsaglobal.com\/en\/wp-json\/wp\/v2\/media\/1115"}],"wp:attachment":[{"href":"https:\/\/anepsaglobal.com\/en\/wp-json\/wp\/v2\/media?parent=1113"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}