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.
Improvements to IFRS8 on operating segments
Following its 2012-2013 review of the implementation of IFRS 8 on operating segments, on 28 March 2017 the IASB published an exposure draft proposing amendments to the standard and clarifications in three major areas.
Putting IFRS 16 into practice
In early January, the IASB published on its website an article in which four of its members (Sue Lloyd, Gary Kabureck, Darrel Scott and Stephen Cooper) offered some practical advice to entities about putting IFRS 16 – Leases into practice.
IASB Update – February 2017
After a pause of several months, the IASB has started the year by presenting its annual improvements in a short exposure draft, with the next consultations expected as of April.
IASB issues amendments to IAS 40
On 8 December 2016, the IASB published amendments to IAS 40 – Investment Property. The changes clarify when an entity must transfer a property asset to (or from) the ‘investment property’ category.
Annual Improvements cycle 2014-2016 published
On 8 December 2016, the IASB published the Annual Improvements to IFRS Standards 2014-2016 Cycle. This makes minor changes to the following standards: