Our profession has no doubt achieved great goals. However, there are still challenges to overcome. Accountants must keep in mind that the “Norms of Financial Information” (i.e. NIF) overturn the work of the profession to the preparation of useful information for decision making. This is where the problems begin. When you finish work, that is, when delivering the balance or financial statements each month and the Director or owner of the company simply not use them, they are indirectly saying that their work is not useful to the company. This happens to 99.9% of accountants and is primarily due to two issues: 1 .- deliver information outside of time what the Accounting Historians becomes what has already happened. 2 .- The information I give is not helpful to anyone even if they do so with every opportunity. The first issue has a solution.
Simply work more hours and deliver information in real time. The second issue is more complex in its analysis and we must ask: yQue such quality is the information that you give to the employer to take appropriate decisions? If the information reported has not incorporated the new NIF, the information will not be helpful to the employer. If for example the information that you join has no built-in quantification of labor liabilities (NIF D-3), or the determination of deferred tax (NIF D-4) or if the deterioration of long-lived assets, assets in the condition of discontinuity or available for sale ( NIF C-1), the information simply will not help anyone. In the last three years, the CINIF has published a total of 19 New NIF, this is approximately 50% of the rules in force for 2007. Because both know and use? Transform the professional perspective by becoming providers of useful information. Let us be active agents in decision making and not simply the story of what happened or did happen in the company. “Norms of Financial Information”