NIIF FULL: Una guía práctica para su aplicación.

Abstract

This IFRS manual provides a complete and detailed overview of the main aspects that should be required in the application of international financial reporting standards. First, it addresses the IFRS conceptual framework and its importance in the preparation of high quality and understandable financial statements. Next, the accounting for inventories, property, plant and equipment, and asset impairment will be discussed in depth, presenting the main criteria for the measurement, recognition and presentation of these items. Finally, the process of currency translation in the financial statements is explained in a clear and precise manner, detailing the methods and exchange rates to be used in accounting for transactions and balances in foreign currency.