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.
IFRS IC confirms its position on payments contingent on continued employment following a business combination (IFRS 3)
In April 2024, the IASB approved the IFRS IC‘s March decision on how an entity should account for payments to the sellers of a business it has acquired if those payments are contingent on the sellers’ continued employment during a post-acquisition handover period.
Publication of IFRS IC decision on climate related commitments (IAS 37)
In April 2024, the IASB approved the decision taken in March by the Interpretations Committee (IFRS IC) on the application of IAS 37 to an entity’s commitments to reduce or offset its future greenhouse gas (GHG) emissions, otherwise known as net zero transition commitments.
Closing document of the BCUCC project published by the IASB
On 17 April 2024, the IASB published a document (available here) summarising the Business Combinations under Common Control (‘BCUCC’) project and setting out the reasons for its discontinuation.
IASB launches in-depth review of IAS 38
On 23 April 2024, the International Accounting Standards Board (IASB) announced the launch of a “comprehensive review of accounting for intangibles”.
Proposed amendments to IAS 32, IFRS 7 and IAS 1 (FICE project): a deep dive into the first three exposure draft topics
On 29 November 2023, the IASB published an exposure draft of proposed amendments to IAS 32, IFRS 7 and IAS 1 on the classification of financial instruments with characteristics of equity. The comment period runs until 29 March 2024.