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.
Compilation of IFRS IC agenda decisions published
On 18 October 2019, the IFRS Foundation published a compilation of the agenda decisions published by the IFRS Interpretations Committee between January and September 2019. The decisions are organised by standard.
Presentation of uncertain tax positions
The IFRS IC has published its definitive agenda decision on the classification and presentation of assets/liabilities arising from uncertain tax positions recognised by applying IFRIC 23, in the September issue of IFRIC Update.
Progress report on Goodwill and Impairment project
At the start of September 2019, the IASB published a progress report on its Goodwill and Impairment project on its website. This project was launched following the Post-implementation Review of IFRS 3 – Business Combinations. Readers will remember that the aim of the project is to investigate how companies could provide better information on business combinations, at a reasonable cost.
Determining incremental borrowing rate under IFRS 16
Readers will remember that lessees shall use their incremental borrowing rate to measure a lease liability when the interest rate implicit in the lease cannot be readily determined (IFRS 16.26).
Key points of the ED on amendments to IFRS 17
The IASB published an exposure draft (ED/2019/4 Amendments to IFRS 17) on 26 June 2019, proposing amendments to the insurance contracts standard.