Nif Seccion B

SERIE NIF B
Procedure applicable to the close united financial conditions states in his set.NIF B-1 countable Changes and corrections of mistakes. Aim to establishing is to establish particular procedure of presentation and revelation of countable changes and corrections of mistakes. NIF
a) Market application
It is the recognition of the effect of a " countable change " from the date thathappens.
c) Countable change
I change the structure of among economically.
I change in countable estimation
Reclasification
d) Mistakes in the before issued financial statements
f) particular norms
It is the number of entities that are consolidated or combine in one between economically, that gives place to which they issue(emit) financial statements.
They are a result of modifications in theeconomic environment, new information or technological changes.
Changes in the presentation of integral items that do not modify the amounts of utility.
They are arithmetical mistakes, incorrect application of particular procedure, omissions or evil I use of information, which used as base for the countable recognition.
They establish the concrete bases that must be observed to recognizecontabily the elements that integrate the financial statements in one
Certain moment and they understand procedure of evolution and revelation.

“Procedure of presentation and revelation of countable changes and corrections of mistakes”
Consistency in the application of the particular procedure:
The information that the financial statements provide must be reliable, relevant, understandable andcomparable.
Any change that is done must be justified and announced in the financial statements and your notes.
Countable changes with retrospective treatment and corrections of mistakes:
General norm
All the changes in particular procedure, reclassifications and corrections of mistakes, must be recognized by means of your retrospective application.
The effects of retrospective adjustmentsby countable changes and corrections of mistakes must be recognized clear(net) of the taxes of the usefulness(utility), with form to the applicable procedure of financial information.

CHANGES IN PARTICULAR PROCEDURE
These can be necessary in response to a change in the practices or operations of the entity and in this environment.
It is not necessary to to apply on:
a) Operations thatthey present for the first time
b) That generates effects that were not important in previous periods.

RECLASSIFICATION
To improve the quality of the information is necessary to effect changes in the presentation and group of the items that integrate to the financial statements. The financial statements of previous periods that they present, owe reclassifications retrospectively as the newadopted classification.

CORRECTION OF THE MISTAKES
The previous financial statements must be corrected from the moment that concern, such as omissions or evil I use of information, arithmetical mistakes.
Impractical
Is considered to be impractical a countable change applies retrospectively if there is fulfilled someone of the following conditions:
A) It cannot decide until theadministration of the entity has realized all the efforts reason them and justifiable.
B) The retrospective application wants to take up office supersites brings over of which it had been the intention of the administration that was in functions in the entity of the affected period.
C) Needs that significant estimations are done to a previous period, it is not possible to determine if theinformation used to realize the above mentioned estimations was available to the date in which the affected ones must be recognized in the financial statement.
Procedure of revelation
The following information must be revealed in notes to the financial statements:
1. Reasons that provoke the countable change for the application of a norm and your justification.
2. Explanation of because it is...