Planificiación financiera

International Financial Reporting Standards (IFRS) are Standards, Interpretations and the Framework [1] adopted by the International Accounting Standards Board (IASB).
Many of the standards formingpart of IFRS are known by the older name of International Accounting Standards (IAS). IAS were issued between 1973 and 2001 by the Board of the International Accounting Standards Committee (IASC). On1 April 2001, the new IASB took over from the IASC the responsibility for setting International Accounting Standards. During its first meeting the new Board adopted existing IAS and SICs. The IASB hascontinued to develop standards calling the new standards IFRS.
IFRS are considered a "principles based" set of standards in that they establish broad rules as well as dictating specific treatments.International Financial Reporting Standards comprise:
• International Financial Reporting Standards (IFRS) - standards issued after 2001
• International Accounting Standards (IAS) -standards issued before 2001
• Interpretations originated from the International Financial Reporting Interpretations Committee (IFRIC) - issued after 2001
• Standing Interpretations Committee (SIC)- issued before 2001
• Framework for the Preparation and Presentation of Financial Statements

Concepts of Capital Maintenance and the Determination of Profit

Par. 104. The concepts ofcapital in paragraph 102 give rise to the following concepts of capital maintenance:
(a) Financial capital maintenance. Under this concept a profit is earned only if the financial (or money) amount ofthe net assets at the end of the period exceeds the financial (or money) amount of net assets at the beginning of the period, after excluding any distributions to, and contributions from, owners duringthe period. Financial capital maintenance can be measured in either nominal monetary units or units of constant purchasing power.
(b) Physical capital maintenance. Under this concept a profit is...