Government Accounting And Accounting Harmonization In Mexico

The changes generated by accounting harmonization and the requirements to be met by Government accounting systems agree that governments, centralized, decentralized and parastatal institutions will realize their actions and Resources exercised, in a clear and precise way. This determines the importance of a truthful financial information that has a systematization and valid records of what happens in the management of the public budget, so that the governments and relevant authorities can develop policies Public in favor of society. The research work described the process of accounting harmonization in Mexico, its regulations and important concepts. Also established the comparability of the basic postulates of government accounting issued by the National Council of Accounting Harmonization (CONAC) and the basic postulates issued by the Mexican Council for Research and Development of Financial Information Standards (CINIF). The type of research was theoretical, since the objective of this research is to realize the comparability of the basic postulates emitted by the CINIF (2017) and the CONAC (2008b). The scope is descriptive, as the phenomenon was described through literature and documentation that was addressed during the process of making this manuscript, the research is qualitative, as it does not contain quantifiable data but aspects observed in the analyzed documents and is also non-experimental. The results show a high similarity to the content of the postulates of government accounting and financial accounting, and thus the understanding of economic events in either of the two branches of accounting will be feasible, except differences mentioned in the work. In general, the postulates by the CONAC define the records that make up the governmental accounting systems based on legal provisions and regulations on the economic impact that these records represent, while the CINIF in its postulates assumes that the accounting records should be based on the economic reality of the entity on the legal basis.