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.
Accounting for Actuarial Gains and Losses
A company has adopted TFRS for NPAEs and recognises the employee benefits obligation based on calculations performed by a qualified actuary using the projected unit credit method.
Application of the “Consolidation Package”
Mazars has just published a new study entitled “The application of the new standards on consolidation (IFRS 10, IFRS 11 and IFRS 12) in Corporates’ financial reporting as at 31 December 2013".
IFRS 15 - Recognising Revenue from Contracts
At last! Between the publication in December 2008 of the Discussion Paper on Revenue Recognition, and the arrival of IFRS 15 at the end of May 2014, nearly five and a half years have passed.
Cash Equivalents and Temporary Investments
An entity had an investment in a six-month time deposit with a due date in January (one month after balance sheet date). Should the entity classify the time deposit as a cash equivalent or temporary investment?
IFRS 15 - Revenue from Contracts with Customers
On 28 May 2014, the International Accounting Standards Board (‘IASB’) and the US standard setter, Financial Accounting Standards Board (‘FASB’) jointly issued a converged Standard on the recognition of revenue from contracts with customers.