Accounting, Edition 40

Are you ready for the annual tax return in April 2012?

12 March, 2012

By: Ana Paola

Here are ten helpful tips for filing your tax return and increasing your chances of receiving a refund.How many times have you requested a tax refund and instead received a purple-colored letter at home stating that the refund was denied? How often have you had to file your annual tax return again because of inconsistencies in the information? For these reasons and many others, it is important to take note of the following tips that will help you increase the odds of getting a refund.

Tip 1: Do not wait until the last minute

The date for filing your individual annual tax return for 2011 is approaching. It is important that if you need to file, prepare all necessary documents ahead of time so that the deadline does not take you by surprise. The deadline is April 30, 2012.

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Accounting, Edition 40

Analysis of the Effects of Adoption that the Mexican Stock Exchange Listed Companies Expect in 2012

12 March, 2012

By: Sandra Minaburo
Director of the Accounting Research Center
spmina@itam.mx

According to the 2010 annual report submitted by the International Accounting Standards Board (IASB), more than 120 countries require or permit companies regulated by their local stock exchanges to report their financial information on the basis of the International Financial Reporting Standards (IFRS).

This report also mentions Mexico, given that beginning 2012, companies listed on the Mexican Stock Exchange (known as the “Bolsa Mexicana de Valores” or its Spanish acronym, BMV) are now required to submit on a compulsory basis financial statements prepared in compliance with IFRS issued by the IASB. Many expect this will help ensure that Mexican companies improve the quality of the information they give to their stakeholders, and therefore allow them more easily accessible sources of external financing.

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Accounting, Edition 39

Paella’s Saffron

12 December, 2011

By: M.C. Benito Revah

Valencian paella is without a doubt a dish worthy of a feast. In order to taste its richness, it must have the exact amount of ingredients of the best quality. Since its preparation takes time, care must be taken in integrating all the ingredients at the exact moment, because it is vital in order to achieve the desired result.

In a recent talk I had with Jacques Rogozinsky, Ph.D. in Economics, he explained that in order to achieve sustained growth in uncertain economic times, all the “ingredients” must be present in precise portions in order to achieve our desired outcome, and that one special ingredient “makes all the difference” between a common and ordinary rice recipe and a “delicious paella.”

Upon reflection on his economic theory, I immediately visualized the whole process involved in mergers and acquisitions, from its components in the beginning to the professional care, which is required in all its aspects, to a successful closing.

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