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 redeliberates proposed amendments to IAS 21
22 July 2025
In May 2025 the IASB discussed feedback received on its Exposure Draft Translation to a Hyperinflationary Presentation Currency. The discussions focused on the project direction, the proposed translation method, the disclosure requirements and the applicable rules when an economy ceases to be hyperinflationary.
IASB sets objectives and direction for intangible assets project
22 July 2025
At its May 2025 meeting, the IASB discussed the objectives and direction of its intangible assets project.
Post-implementation review of IFRS 16 – RFI to be published imminently
22 July 2025
In May 2025 the International Accounting Standards Board (IASB) approved the publication for public comment of the Request for Information (RFI) on the Post-implementation Review of IFRS 16.
IFRS IC agenda decision on the recognition of intangible assets from climate-related expenditure
At its April 2025 meeting, the IASB also endorsed the decision of the IFRS Interpretations Committee, finalised the previous month, regarding the recognition of intangible assets from climate-related expenditure (IAS 38). This decision follows on from the decision on the provisioning of climate-related commitments, which did not really specify the counterparty entry when a liability was recognised.
IFRS IC agenda decision on guarantees issued on obligations of other entities
At its April 2025 meeting, the IASB endorsed a further Interpretations Committee decision, on the accounting treatment of guarantees issued by an entity to cover the obligations of a joint venture.