Financial regulations applicable to the coffee sector

Abstract

The coffee sector in Mexico is very important due to its contribution

to social and economic development, and for its impact on employment

generation, which accounts for more than 4.5 million jobs; at international

level, Mexico is the seventh largest producer of coffee. Entities belonging

to this sector, like any economic entity, have a need of financial

information that facilitates appropriate decision-making. In Mexico, the

organism responsible of releasing the financial standards is the Consejo

Mexicano para la Investigación y Desarrollo de Normas de Información

Financiera, A.C. Within this regulation is the bulletin E-1 “Agriculture”,

which aims to establish standards applicable to entities engaged in

agricultural activities. This research aims to study the separate report, to

analyze the adequacy of this standard for companies in the coffee sector,

as it is considered necessary to establish regulations that suit the specific

characteristics of these entities.