Analysis of NIF D-5 and its impact on decision-making of business administration in time of covid

Abstract

Aware of the importance of Financial Statements for both private and public companies since they are useful for the practice of accountants, auditors and all users involved with accounting and the reports they generate, it is important to analyze the impact of the Nif d-5, because the leased workforce will be disclosed in the financial information as part of the assets owned by the economic entity, as well as the recognition of the debt for future payments that the entity must make for the period that plans to use the leased asset, giving precision to the current information provided. The disclosure of the lease item, in the statement of financial position with the precision proposed by the International Accounting Standards (IASB) and adapted to Mexican regulations by the Mexican Council for Financial Information Standards (CINIF), they provide a significant added value to the reports generated by financial accounting, a value that must be used by all management personnel who can make weighty decisions in favor of the development and fulfillment of the objectives of the organization.