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.
IFRS 15 PiR: IASB work reaches a conclusion
As we announced in our previous issue, the IASB completed its Post-implementation Review of IFRS 15 – Revenue from Contracts with Customers in September, deciding not to take any standardsetting action in the immediate future.
IASB begins research project on the statement of cash flows (IAS 7)
In September, the IASB announced the launch of a research project to review and improve the requirements for the statement of cash flows and related matters under IFRS. The launch of this project follows feedback received in the IASB’s Third Agenda Consultation, which identified this project as a high priority
IASB begins research project on amortised cost measurement of financial instruments (IFRS 9)
In July 2022, the IASB decided to add to its research programme a project on amortised cost measurement of financial instruments, in light of the feedback received in the Post-implementation Review (PiR) of IFRS 9 Phase I. The project now also includes some points raised as part of the PiR of IFRS 9 Phase II.
IASB publishes exposure draft on the equity method (IAS 28)
In September, the IASB published an exposure draft on the equity method set out in IAS 28 – Investments in Associates and Joint Ventures.
IASB redeliberates proposed amendments to IFRS 9 and IFRS 7 on contracts for renewable electricity
Last May, the International Accounting Standards Board (IASB) published an exposure draft of proposed amendments to IFRS 9 and IFRS 7 on contracts for renewable electricity, known as “PPAs” (power purchase agreements) and “VPPAs” (virtual power purchase agreements).