MFRS definition

MFRS means Mexican Financial Reporting Standards, as issued from time to time by the Mexican Financial Reporting Standards Board (Consejo Mexicano de Normas de Información Financiera);
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MFRS means Mexican Financial Reporting Standards that are in effect as of the Issue Date.
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MFRS means Mexican Financial Reporting Standards as issued from time to time by the Mexican Board of Research and Development of Financial Reporting Standards (Consejo Mexicano de Normas de Información Financiera).
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Examples of MFRS in a sentence

  • In presenting its first MFRS financial statements, the Group will be required to restate the comparative financial statements to amounts reflecting the application of MFRS Framework.

  • Financial liabilities, within the scope of MFRS 9, are recognised in the statement of financial position when, and only when, the Fund becomes a party to the contractual provisions of the financial instrument.

  • The preparation of financial statements in conformity with MFRS requires the use of certain critical accounting estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reported period.

  • In instances where the contingent consideration does not fall within the scope of MFRS 139, it is measured in accordance with the appropriate MFRS.

  • Lessors will continue to classify all leases using the same classification principle as in MFRS 117 and distinguish between two types of leases: operating and finance leases.

  • MFRS 9 is effective for annual periods beginning on or after 1 January 2018, with early application permitted.

  • MFRS 16 introduces a single, on-balance sheet lease accounting model for lessees.

  • MFRS 16 eliminates the distinction between finance and operating leases for lessees.

  • Financial instruments are classified as financial assets, financial liabilities or equity instruments in accordance with the substance of the contractual arrangement and their definitions in MFRS 132.

  • For lessors, MFRS 16 retains most of the requirements in MFRS 117.


More Definitions of MFRS

MFRS means the Financial Reporting Standards applicable in Mexico or, as applicable, the International Financial Reporting Standards, as applicable to the Borrower, the Joint and Several Obligor, BVG, and/or Murano PV, in effect at any time.
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MFRS means the Mexican Financial Reporting Standards consistently applied.
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MFRS means Malaysian Financial Reporting Standards in force from time to time.
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MFRS means the Mexican Financial Reporting Standards (Normas de Información Financiera) as in effect from time to time.
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MFRS means Mexican Financial Reporting Standards that are in effect from time to time; provided that, if at any time after the Issue Date the Company prepares its financial statements in accordance with IFRS in lieu of MFRS, the Company may, by giving written notice thereof to the Trustee, elect to apply IFRS in lieu of MFRS and, upon any such election references herein to “MFRS” shall thereafter be construed to mean IFRS as in effect from time to time.
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MFRS means the set of regulatory, conceptual, and particular standards issued by the Consejo Mexicano para la Investigación y el Desarrollo de Normas de Información Financiera or transferred to Mexican Board, which regulate the information contained in the financial statements and their notes at a given place and date, which are widely and generally accepted by users of financial information.
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Related to MFRS

  • HKFRS Hong Kong Financial Reporting Standards issued by the Hong Kong Institute of Certified Public Accountants

  • International Financial Reporting Standards means the accounting standards and interpretations adopted by the International Accounting Standards Board.

  • DTS means Days to Settlement, i.e., the number of actual days elapsed from and including the original Closing Day with respect to such Accepted Note (in the case of the first such payment with respect to such Accepted Note) or from and including the date of the next preceding payment (in the case of any subsequent delayed delivery fee payment with respect to such Accepted Note) to but excluding the date of such payment; and "PA" means Principal Amount, i.e., the principal amount of the Accepted Note for which such calculation is being made. In no case shall the Delayed Delivery Fee be less than zero. Nothing contained herein shall obligate any Purchaser to purchase any Accepted Note on any day other than the Closing Day for such Accepted Note, as the same may be rescheduled from time to time in compliance with paragraph 2B(7).

  • Interim Statements is defined in Section 3.3.

  • Target Financial Statements has the meaning set forth in Section 3.4.

  • EFTPOS means electronic funds transfer at the point of sale—a network for facilitating transactions at point of sale

  • Ohio Business Gateway means the online computer network system, created under section 125.30 of the Ohio Revised Code, that allows persons to electronically file business reply forms with state agencies and includes any successor electronic filing and payment system.

  • Parent Financial Statements has the meaning set forth in Section 4.6(a).

  • GAAS means generally accepted auditing standards in the United States.

  • Financial Report means the annual financial report prepared under Chapter 2M of the Corporations Act for the Company and its controlled entities;

  • Company Interim Financial Statements has the meaning specified in Section 4.08(a).

  • Financials means the annual or quarterly financial statements, and accompanying certificates and other documents, of the Borrower and its Subsidiaries required to be delivered pursuant to Section 5.01(a) or 5.01(b).

  • Statutory Financial Statements means, with respect to any Party, the annual and quarterly statutory financial statements of such Party filed with the Governmental Authority charged with supervision of insurance companies in the jurisdiction of domicile of such Party to the extent such Party is required by Applicable Law to prepare and file such financial statements.

  • Financial Reports means the Annual Financial Statements and the Interim Accounts.

  • Financial Statement has the meaning set forth in Section 4(g) below.

  • Buyer Financial Statements shall have the meaning set forth in Section 4.6.

  • Budgets has the meaning set forth in Section 2.12(b).

  • Interim Financial Statements has the meaning set forth in Section 3.06.

  • Financial Statements Date shall have the meaning ascribed to it in Section 3.7.

  • Year-End Financial Statements has the meaning set forth in Section 3.06.

  • POPI means the Protection of Personal Information Act, 4 of 2013;

  • Payoff statement means a written statement furnished by the mortgage servicer which sets forth all of the following:

  • NFT means any blockchain-tracked, non-fungible token.

  • Monthly Financial Statements is defined in Section 6.2(c).

  • business vertical means a distinguishable component of an enterprise that is engaged in the supply of individual goods or services or a group of related goods or services which is subject to risks and returns that are different from those of the other business verticals.

  • Pro Forma Financial Statements shall have the meaning set forth in Section 5.5(b) hereof.