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.
Costs of Conducting Business in a New Location
An entity has moved its machines and factory equipment to a new location. How should the entity record the cost of conducting business in a new location?
Thai Financial Reporting Standards for SMEs
As previously reported, the Federation of Accounting Professions (“FAP”) is currently preparing new accounting standards in accordance with International Financial Reporting Standards for Small and Medium-sized Entities (2009).
IFRS Foundation Launches eIFRS Web Application.
In September, the International Financial Reporting Standards (IFRS) Foundation launched a new web application. This is a beta release that is available for all registered users.
Thai GAAP and IFRS Convergence – Status Update
The Federation of Accounting Professions in Thailand (“FAP”) and Thai Securities and Exchange Commission (“SEC”) is following a program to converge Thai Accounting Standards (“TAS”) with International Financial Reporting Standards (“IFRS”).
Accounting Guidelines for Financial Instruments
The Federation of Accounting Professions (“FAP”), with reference to International Financial Reporting Standards (“IFRS”) is currently preparing five accounting guidelines on financial instruments.