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 9 Postponed to 2015
IFRS 9 Postponed to 2015: The first part of the new IFRS 9 published in 2009 on the classification and measurement of financial assets set forth mandatory application for annual reporting period beginning on 1 January 2013.
IASB Published Amendments to IAS 1
On 16 June 2011 the International Accounting Standards Board (‘IASB’) published amendments to IAS 1 as part of a joint project with the US standards setter, FASB.
Publication of Amendments to IAS 1 & Annual Draft
In June, the IASB was once again busy, with the publication of amendments to IAS 1, the standard IAS 19R and the fourth annual improvements exposure draft (after a pause in 2010).
Accounting Update for June 2012
On 21 April, the IASB published its near final drafts of the future standards on consolidation and associated subjects.
Consolidation Standards Effective Date
The International Accounting Standards Board (‘IASB’) has decided that the future standards on consolidation would come into effect on 1 January 2013.