IFRS Section - Doing Business
You will find here a series of summaries providing an overview of useful IFRS regulations, processes and IFRS issues for Doing Business in Thailand.
IASB approves four agenda decisions on IFRS 18
22 June 2026
Accounting Standards Board (IASB) approved four IFRS Interpretations Committee (IFRS IC) Agenda Decisions relating to IFRS 18. In each case, the IFRS IC had decided that no standard-setting work was necessary. Over the coming months, the IASB will most likely need to make further decisions regarding IFRS 18, as several submissions are before the IFRS IC currently.
IFRS IC agenda decision: accounting for a battery offtake arrangement
22 June 2026
In the submitted request, a battery owner and an electricity retailer enter into a battery offtake arrangement, which stipulates that the battery owner is contractually required to operate it in line with the electricity retailer’s instructions, which cover 100% of the battery’s capacity. The retailer’s instructions typically specify whether and when the battery owner can charge and discharge the battery, throughout the entire period of use.
Post-implementation review of IFRS 16: IASB continues redeliberations
22 June 2026
At its April 2026 meeting, the IASB continued to consider stakeholder feedback received in the Post implementation Review (PiR) of IFRS 16 – Leases. It looked particularly at comments relating to the usefulness of information on lease-related cash flows.
Statement of cash flows project
22 June 2026
Following on from previous discussions, the IASB, during its April 2026 meeting, considered how to improve the consistency with which entities apply the definition of cash equivalents.
Amortised cost measurement project
22 June 2026
Following on from previous discussions, the IASB, during its April 2026 meeting, re-examined the requirements for accounting for subsequent changes to the effective interest rate (EIR).