05-06-2025

The Argentine Federation of Professionals in Economic Sciences (FAPCE) has issued the “Technical Resolution (R.T.) No. 54 – Argentine Unified Accounting Standard (N.U.A.)”, which unifies, reorganizes, and clarifies the set of previous standards. This includes the Compiled Text R.T. No. 59 (Clarifications on certain paragraphs of Technical Resolution No. 54), and will become effective for financial years beginning on January 1, 2025 (early adoption is optional for financial years starting on October 1, 2024, in the jurisdiction of the Autonomous City of Buenos Aires, and July 1, 2024, for entities domiciled in the Jurisdiction of the Province of Buenos Aires).

Once it comes into effect, all previous Technical Resolutions (R.T.) will be repealed, except for the following:

• R.T. No. 16 (Conceptual Framework),

   

• R.T. No. 24 (Non-Profit Organizations),

   

• R.T. No. 26 (International Financial Reporting Standards), along with the aforementioned resolution.

   

Key changes include:

• Categorization of Companies for Disclosure Requirements in Financial Statements: Classification will be based on the revenue stated in the financial statements of the previous financial year and according to a table published by FAPCE.

   

• Systematization, clarification, and refinement of the content of current standards, including both redrafting and substantive changes; moving closer to international standards in terms of structure (chapters and paragraphs).

   

• Inclusion of an alphabetical glossary to assist readers and users of the standard.

   

• Avoidance of cross-references within the text.

   

• Based on the entity’s category (as per the FAPCE table), the disclosure in the notes to the financial statements may be expanded or simplified, and the content of annexes may be modified.

   

• Major changes include updates to the definition of assets, valuation of certain items, presentation and content of the notes to the financial statements, ordering of items in the Income Statement, and comparisons with recoverable value, among others.

   

If you have any questions regarding this matter, please do not hesitate to contact us.