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.
Power Purchase Agreements: upcoming amendments to IFRS 9
At its December 2023 meeting, the IASB confirmed that it would be undertaking a project to amend IFRS 9 – Financial Instruments, to clarify the accounting treatment of Power Purchase Agreements (PPAs).
IFRS IC decision on premiums receivable from an intermediary
At the end of October, the international Accounting Standards Board (IASB) approved the IFRS IC’s September decision not to add a standard-setting project to its work plan to clarify whether the premiums receivable from an intermediary fell within the scope of IFRS 17 or IFRS 9.
New steer for IASB project on climate-related risks in the financial statements
At its September meeting, the IASB reconsidered the focus of its project on climate-related risks in the financial statements. The first of the two decisions on the agenda related to whether or not to extend the focus beyond climate-related risks to include “other uncertainties”. The Board voted in favour.
Discussion on the equity method
At its September meeting, the IASB continued deliberations on the Equity Method project (for which the Board is planning to publish an exposure draft in the second half of 2024). In particular, the Board discussed possible improvements to disclosure requirements on investments in associates, and tentatively decided to propose amendments to IFRS 12 – Disclosure of Interests in Other Entities.
IASB publishes exposure draft on volume 11 of Improvements to IFRSs
On 12 September, the IASB published an exposure draft on volume 11 of Annual Improvements to IFRS Accounting Standards.