Regulatory Alerts2024-07-04 | DOF 5732310Added
Agreement Reforming and Adding the Rules for the Registration and Valuation of Assets
The National Council for Accounting Harmonization (CONAC) amends the Rules for the Registration and Valuation of Assets by restructuring Section IX to introduce specific criteria for identifying, recognizing, and measuring inventories, including definitions, acquisition and production costs, and valuation methods such as PEPS and weighted averages. These updated rules become mandatory for public entities starting January 1, 2025, requiring federative entities to publish the agreement within 30 days and submit adoption records to the Technical Secretariat within 15 days of that deadline.
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