In the life of an entity, there may come a time when its continuity is in doubt. NIF A-2: Going Business<\/strong> It seeks to establish the basis for preparing financial statements when there is uncertainty as to whether the company will continue to operate normally or enter into a liquidation process.<\/p>\n\n\n\n One of the key points is identifying when an entity ceases to be a going concern. This occurs when:<\/p>\n\n\n\n In this scenario, NIF A-2 establishes that financial statements must be prepared under the assumption of liquidation, abandoning the presumption of permanent existence.<\/p>\n\n\n\n Temporary suspension does not necessarily mean liquidation.<\/p>\n\n\n\n Instead of measuring assets based on their normal use, the Net Liquidation Value (NLV)<\/strong>, defined as the amount expected to be received upon the disposal of an asset or the amount that would have to be paid to settle a liability in a liquidation process.<\/p>\n\n\n\n Example:<\/p>\n\n\n\n In liquidation, the entity may recognize assets that previously did not meet the definition under traditional MFRS, provided their value can be estimated and they can be used to settle liabilities. Initially, it was proposed to recognize expected revenues and costs before the settlement was finalized. However, following comments during the consultation process, this option was eliminated:<\/p>\n\n\n\n When a company enters this process, it must update its financial information as of the closest closing date, even if it has submitted previous statements. This ensures that users have up-to-date information on the company's situation.<\/p>\n\n\n\n He Technical Report 50 (RT 50)<\/strong>, issued in 2021 by CINIF, was very useful during the COVID-19 pandemic to guide how to report when there was doubt about business continuity. A trading company faces continued losses, and its board of directors approves its liquidation in 2025.<\/p>\n\n\n\n Result: The financial statements present the actual recovery status of assets and obligations during the closing process, providing greater transparency to investors, creditors, and other users.<\/p>\n\n\n\n The NIF A-2<\/strong> It marks a turning point in the preparation of financial statements when a company ceases to be a going concern. In this way, a regulatory framework is established that prevents accounting distortions and allows for informed decisions at a critical time for the entity.<\/p>","protected":false},"excerpt":{"rendered":" \u00bfQu\u00e9 pasa cuando una empresa ya no puede seguir operando? En la vida de una entidad, puede llegar un momento en el que su continuidad est\u00e9 en duda. La NIF A-2: Negocio en Marcha busca establecer las bases para preparar estados financieros cuando existe incertidumbre sobre si la empresa seguir\u00e1 funcionando normalmente o si entrar\u00e1 […]<\/p>","protected":false},"author":2,"featured_media":196,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"off","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[69],"tags":[275,177,273,274],"class_list":["post-514","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-nif","tag-analisis-del-negocio-en-marcha","tag-negocio-en-marcha","tag-nif-a2","tag-nif-a2-incertidumbre-de-negocio-en-marcha"],"yoast_head":"\n
\n\n\n\n1. Imminent liquidation<\/h2>\n\n\n\n
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\n\n\n\n2. Suspension of activities<\/h2>\n\n\n\n
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\n\n\n\n3. Net Liquidation Value (NLV)<\/h2>\n\n\n\n
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\n\n\n\n4. Recognition of previously unrecorded assets<\/h2>\n\n\n\n
Example: trademarks, patents or designs that can be sold.<\/p>\n\n\n\n
\n\n\n\n5. Estimated costs and income<\/h2>\n\n\n\n
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\n\n\n\n6. Intermediate dates<\/h2>\n\n\n\n
\n\n\n\n7. RT 50 and its replacement<\/h2>\n\n\n\n
With the entry into force of NIF A-2, this report became void, as the standard now formally incorporates the necessary guidelines.<\/p>\n\n\n\n
\n\n\n\nPractical example<\/h2>\n\n\n\n
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\n\n\n\nConclusion<\/h2>\n\n\n\n
Its application allows:<\/p>\n\n\n\n\n