Post-Event Recap: From Regulation to Strategy – The Accountant’s Edge
On Tuesday, 25 November 2025, finance leaders and accounting professionals gathered at the Grand Ballroom, Grande Centrepoint Terminal 21, for our half-day seminar, “From Regulation to Strategy: The Accountant’s Edge.” Conducted in Thai and accredited for 2.5 CPD hours by the Federation of Accounting Professions, the seminar explored how regulatory changes across accounting, tax, and legal can be transformed into strategic business advantages.
Key Themes & Strategic Focus
Our panel of experts from Forvis Mazars Thailand and Chulalongkorn University delivered insights across three core areas:
- Accounting
- Legal
- Tax
The central message of the seminar was clear:
Compliance is not just an obligation—it can be a catalyst for competitive advantage and business transformation when understood and applied strategically.
Featured Experts
- Phoompat Dangwung, Ph.D. – Chulalongkorn University
- Tippawan Pumbansao – Audit Partner, Forvis Mazars Thailand
- Kodchakorn Kum-iem – Legal Partner, Forvis Mazars Thailand
- Ladạpim Dhanasitnidhikiede – Accounting Director, Forvis Mazars Thailand
- Parin Supsavaipol – Tax Director, Forvis Mazars Thailand
- Vachirawit Kaew-udom – Tax Director, Forvis Mazars Thailand
Key Takeaways from the Accounting Panel Discussion
TFRS 18 – Preparation and Practical Implications
- Effective date & preparation timeline
TFRS 18 will be effective on 1 January 2028. Companies should begin preparing now, particularly in:
o Collecting and organizing three years of comparative data (starting from 2026)
o Restructuring the chart of accounts
o Assessing systems and processing capabilities needed to support the new profit-and-loss presentation and grouping requirements - Impact on NPAEs and group reporting
Even entities applying TFRS for NPAEs should start understanding TFRS 18.
Subsidiaries of PAEs may be required to submit data for consolidated financial reporting.
Early familiarization also benefits accountants’ career development, as TFRS 18 reflects the direction of modern reporting frameworks. - Global trend toward management-defined measures
Internationally, users of financial statements increasingly rely on management-defined performance measures (MPMs).
TFRS 18 is designed to improve transparency, comparability, and clarity of these measures—making it crucial for accountants to understand. - MPMs and disclosures
Accounting teams must engage with management regarding what is communicated externally.
Under TFRS 18:
o MPMs must be disclosed in the notes
o They must be reconciled to the financial statements
o “One-off” or non-recurring items must be separately identified
These requirements ensure alignment between public communication and statutory reporting. - Significant judgment in presentation
Because TFRS 18 requires classification based on the nature of each company’s business model, entities will need to apply substantial judgment.
For NPAEs, further guidance from the Federation of Accounting Professions (TFAC) and DBD may be needed. - How to start the conversation with management
Recommended discussion points include:
• Why preparation must start now
The new standard aims to make financial statements clearer, more comparable, and more useful for decision-making.
While it may appear to be a reclassification exercise, the underlying changes span data, systems, processes, controls, and reporting.
• What the actual impacts are
IFRS/TFRS 18 does not change accounting policies, but it significantly affects:
o How performance is communicated in the income statement
o Disclosures in the notes
o Management KPIs
o Metrics used for investor communication
o Potential impacts on bank covenants
These issues require early alignment and a well-planned action roadmap.
• Risks of not preparing
o Financial statements may be incorrect or non-compliant
o Reporting deadlines may be missed due to lack of preparation
o Accounting teams and system administrators may struggle under time pressure, increasing the risk of errors and bottlenecks
TFRS S1/S2 – Sustainability Reporting Considerations
• Accountants should begin understanding greenhouse gas emissions and the distinctions between Scope 1, Scope 2, and Scope 3.
This is because accountants may soon need to:
o Verify emissions calculations
o Record or assess investments related to carbon credits or offset payments
o Support reporting requirements for foreign parent companies or supply-chain partners
In many industries, sustainability data is becoming a factor in business partner selection, making early readiness essential.
A Resounding Success
Thank you to all participants for joining us and contributing to a dynamic and insightful discussion. We look forward to welcoming you to future events as we continue to provide timely, practical, and strategic updates for finance and accounting leaders.