MEXICO CITY, Feb 16 (Reuters) - Mexican retailer and industrial conglomerate Grupo Carso said on Monday it adopted new accounting principles that will reduce the value of its fixed assets and affect its balance sheet.
The company said in a statement its board decided to adopt prematurely for 2003 new accounting methods as recommended in a guideline published by the Mexican Institute of Public Accountants.
"The effects of adopting the principles established in the ...
Sign in to access
this Article
"GCarso says earnings hit by new accounting method" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. To obtain Premium status, please contact us.
Why Become a Premium Subscriber?
WardsAuto.com Premium subscribers have access to the full breadth of Ward’s articles, news, analysis and features as well as all the Ward’s data and statistics as soon as they are available in Excel spreadsheet format. Learn more about the benefits of Premium access here.
