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.
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.
IASB to Revise IAS 39 and Issue Addition to IFRS 9
The International Accounting Standards Board (‘IASB’) has continued its work, often conjointly with the US standards setter, Financial Accounting Standards Board (‘FASB’), on a wide range of subjects, giving pride of place to the revision of IAS 39 and issuing additions to IFRS 9 for financial liability accounting.
Convergence of TAS with IFRS - Update
A summary of the changes to Thai Accounting Standards (‘TAS’) and Thai Financial Reporting Standards (‘TFRS’) has been issued by the Federation of Accounting Professions (‘FAP’).