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.
Classification of a post-employment benefit
The IFRS Interpretations Committee (IFRS IC) received a request about the classification of a post-employment benefit plan.
Subsurface rights and IFRS 16
The IFRS Interpretations Committee (IFRS IC) received a request about a particular contract for subsurface rights granted to a pipeline operator (the customer) for the installation of a pipeline in exchange for consideration.
Exposure draft on IFRS 17 amendments
On 26 June 2019, the IASB published an exposure draft (ED/2019/4 Amendments to IFRS 17) proposing amendments to the insurance contracts standard.
IFRS applicable at 30 June 2019
To coincide with the preparation of interim financial reports, we present an overview of the IASB’s most recent publications. For each text, we clarify whether it is mandatory for this closing of accounts, or whether early application is permitted, based on the EU endorsement status report (position at 28 March 2019).
Draft narrow-scope amendments to IFRS 3
On 30 May, the IASB published an ED proposing limited amendments to IFRS 3 – Business combinations. The main aim of these amendments is to update the reference to the Conceptual Framework, referring to the 2018 text rather than the earlier 1989 version.