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 – FAQ September 2011
This month’s frequently asked questions address the new TFRS for NPAEs’ treatment of decommissioning costs and how to account for shared assets.
Accounting for Leases: A Reminder
Leases are covered by financial reporting standards, IAS 17 (IFRS) and TAS 17 (TFRS). In this article, Mazars examine some of the key definitions, suggested accounting treatment and disclosure requirements.
TFRS for NPAEs Update
The Federation of Accounting Professions (‘FAP’) has issued an announcement (No.29/2011) to further clarify the application of the new Thai Financial Reporting Standard(‘TFRS’) for Non-Publicly Accountable Entities (‘NPAEs’).
Incomplete Accounting Records and Lost Documents
In the event that an entity loses its documents or has incomplete accounting records what is the legal and tax impact and what steps must an entity undertake to rectify this?
Accounting Update for June 2012
On 21 April, the IASB published its near final drafts of the future standards on consolidation and associated subjects.