It is known that the accounting in each country is carried out according to experiences, laws and standards established according to their requirements.
The real need for the emergence of the NIF, known as the Financial Reporting Standards, arises from the indispensable way of having safer procedures and taking care of the assets of the companies to implement practices that allow to have real and reliable information.
The results sought by the FRS are indirectly diverse within each economic entity, mainly that the conceptualization is extended, the objectives of financial information are met, the acceptance of the regulatory nature of accounting and the responsibility for making decisions that these bring with them.
Now, what is the reason that each company has for establishing its own set of accounting practices? Generally, this is created from the economic activities of each economic entity and, therefore, the quality of information varies, the disclosure is adapted and agreement is sought between experience and accounting technique.
As stated by CP José Luis Vásquez Acosta, member of the Mexican Association of Public Accountants AC: "The Financial Reporting Standards are the result of the global transition, the harmonization of accounting techniques and the national regulatory situation." This, we can adapt it to the fact that all the rules by their own nature arise from a need to achieve a specific objective, understanding as a rule any rule that must be respected and that allows adjusting certain behaviors or activities.
The normative situation in the country is based on a conceptual framework elaborated through a system of objectives that serve as support of particular norms with concrete bases that will allow to carry out a professional judgment through the valuation, presentation and disclosure; In order to do this, put into practice that technique used to record operations that economically affect an entity and that produces financial information in a systematic and structured manner.
At present, the NIF are already standards that are having a degree of absence that is constantly increasing, this due to the fact that thanks to the advances in technology, archaic techniques have become obsolete, facilitating the obtaining of information through properly structured systems through a systematic scheme that allows to obtain in a comfortable way the financial information that is required according to the needs that arise at the desired moment. As a result, the rules are being neglected and those basic principles that go hand in hand with the origin of everything that can now be obtained systematized, being these those that regulate the information contained in each and every one of the financial statements that are presented within an economic entity.
It is indisputable that according to the practices, the experiences, the general and particular norms to carry out a reasonable accounting, they change. That is why it is vitally important to maintain within the companies trained personnel who hold the essence of the rules that will govern the accounting system in order to carry out correct control and real and reliable information from the companies for the common purpose: correct decision making.
