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.

Trust units classification clarification

Amendments to IAS 1 on liabilities classification

On 23 January 2020, the IASB published narrow-scope amendments to IAS 1 – Presentation of Financial Statements. The amendments, entitled Classification of Liabilities as Current or Non-current, aim to promote consistency in classification.

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IFRS 16: shipping contracts and the use of a ship

The IFRS Interpretations Committee (IFRS IC) received a submission asking whether a customer has the right to direct the use of a ship throughout the five years of a contract.

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Guide to selecting and applying accounting policies

On 21 November, the IFRS Foundation published the Guide to Selecting and Applying Accounting Policies – IAS 8, to help preparers of financial statements make judgements on this sometimes-tricky issue.

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IASB work plan

On 25 November 2019, the IASB updated its work plan.

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