Accounting Section - Doing Business
Explore a series of summaries providing an overview of useful accounting regulations, processes and accounting issues for doing business in Thailand.
Mergers and acquisitions: Accounting considerations and best practices
In today’s dynamic business environment, mergers and acquisitions (M&A) have become a common strategy for companies seeking growth, diversification, or competitive advantage. It’s crucial to understand the motivations behind M&A activities, the different types of transactions, and the accounting implications. This article aims to provide an overview of M&A from an accounting perspective, highlighting key considerations and relevant Thai financial reporting standards.
TFRS16: Accounting for Sale and Leaseback Transactions
For the period ending on or after 1 January 2025, TFRS 16 requires entities that enter into sale and leaseback contracts to measure lease liabilities and right-of-use assets using expected lease payments, which include variable lease payments.
Changes to Amortisation of Goodwill under TFRS for NPAEs
20 June 2024
The Thai Financial Reporting Standards for Non-Publicly Accountable Entities (TFRS for NPAEs) were revised in 2022, bringing about significant changes to the accounting treatment of goodwill.
Enhancing Financial Clarity: TAS 1 Revised
The first article, ‘Presentation of Financial Statements’ (“TAS 1”), of the Thai Accounting Standards (“TAS”) was revised in 2023.
Understanding agricultural accounting for NPAEs
Understanding agricultural accounting for NPAEs