Accounting Section - Doing Business

Explore a series of summaries providing an overview of useful accounting regulations, processes and accounting issues for doing business in Thailand.

Accounting for investments under TFRS for NPAEs

TFRS for NPAEs (Chapter 9 “Investments”) states that there are two types of investments in debt and equity securities.

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Proposed clarifications to IFRS 15 published

As reported previously, the IASB published the exposure draft of its proposed clarifications to IFRS 15 on 30 July 2015.

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E-filing of audited financial statements

The Department of Business Development (‘DBD’) has announced a new policy regarding the procedure for submitting audited financial statements online through the DBD e-filing service. This policy will be enforced for all legal entities starting from 2016.

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Accounting for Lease Agreements

A lease is an agreement under which the lessor conveys the right to use an asset for an agreed-on period of time to the lessee in return for a payment or a series of payments.

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Accounting for Customer Lists

A customer list is information about customers, such as their name and contact information, or a database that includes other information about customers, such as their order history and demographic information. This information is useful for improving the effectiveness of sales and marketing efforts. Accounting for customer lists most commonly occurs in a business combination, or when an entity purchases lists from another company.

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