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.
Write-Down of Inventories to NRV
At the reporting date a Company would like to calculate the net realisable value of its inventory and write down its inventory to the lower of cost and net realisable value in accordance with TFRS for NPAEs.
Accounting for Actuarial Gains and Losses
A company has adopted TFRS for NPAEs and recognises the employee benefits obligation based on calculations performed by a qualified actuary using the projected unit credit method.
Application of the “Consolidation Package”
Mazars has just published a new study entitled “The application of the new standards on consolidation (IFRS 10, IFRS 11 and IFRS 12) in Corporates’ financial reporting as at 31 December 2013".
IFRS 15 - Recognising Revenue from Contracts
At last! Between the publication in December 2008 of the Discussion Paper on Revenue Recognition, and the arrival of IFRS 15 at the end of May 2014, nearly five and a half years have passed.
Cash Equivalents and Temporary Investments
An entity had an investment in a six-month time deposit with a due date in January (one month after balance sheet date). Should the entity classify the time deposit as a cash equivalent or temporary investment?