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.
Educational material on going concern requirements and disclosures
22 July 2025
On 13 May 2025, the IFRS Foundation published an updated version of its educational material “Going concern – A focus on disclosure”, which was originally published in January 2021.
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.
IFRS IC agenda decision on the recognition of revenue from tuition fees
At its April 2025 meeting, the IASB endorsed the IFRS Interpretations Committee decision, finalised in March 2025, on accounting for revenue from tuition fees
Publication by the IFRS Foundation of new translations of the IFRS Sustainability Disclosures Standards
New translations of the IFRS Sustainability Disclosure Standards, and educational and supporting materials have been published by the IFRS Foundation on 25 March 2025