Volume 1, No. 4

 

What's The Difference? Mexican Accounting Versus U.S. Accounting:  This report clarifies the differences between Mexican and U.S. financial statements, and helps analysts interpret the meaning of items shown in Mexican statements that have no counterpart in U.S. financials. Particular attention is given to inflation accounting - with examples extracted from the statements of Telefonos de Mexico and Cemex.

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