Updating the conceptual framework of the Reporting Standards Financial in Mexico

Abstract

The Financial Reporting Standards (NIF) issued in Mexico are a set of conceptual and particular regulatory pronouncements applicable in the preparation of financial statements of economic organizations in the country, in order to harmonize financial information to participate in globalization and financial markets. This body of norms are the object of study of this work, in particular the conceptual framework of the same. Since their issuance, the NIF have been expanded and repealed, turning their use and application into a changing and confusing miscellany, affecting their adoption in the preparation of the financial statements of organizations. The conceptual framework of the NIF -in force since 2006- establishes the frame of reference of the basic concepts, criteria and accounting pronouncements to interpret and apply the NIF as a whole. Conceptual framework that in 2021 underwent a change in its structure, modifying the meaning of the referential framework of the NIF and therefore its attention in the preparation of financial statements. Based on the above, the research question of this work is whether the changes in the conceptual framework of the NIF in 2021 contribute to achieving international accounting harmonization in Mexico? , taking into account that there is an agreement for the harmonization of standards with the IFAC (International Federation of Accountants) that has been postponed twice, having as its last date of conciliation with Mexican standards in 2020, a situation pending review. For this study, the semantic analysis of the conceptual model issued in 2006 still in force, a correlational analysis of the effect of these changes on the different series of the NIF, and a review of the current state of the empirical adoption of the NIF in Mexico are used as a research method. Presenting as an advance, the theoretical review of the project of changes of the conceptual framework, its causal relations with the Anglo-Saxon accounting model in Mexico and the statistics of changes of the NIF from 2006 to 2021.