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.
Update on IFRS 17 – Insurance Contracts
At its November meeting, the IASB decided to postpone the introduction of IFRS 17 – Insurance Contracts for a year. This means that instead of coming into effect for reporting periods commencing as of 1 January 2021, the standard will eventually be of mandatory application to periods beginning on or after 1 January 2022.
Share-based payment research project
On 31 October 2018, the IASB published a document entitled Share-based Payment — Research on Sources of Accounting Complexity on its website. This document summarises work performed and conclusions reached in the project.
IASB amends definition of “material”
As part of its Better Communication project, the IASB published amendments to IAS 1 and IAS 8 on 31 October 2018, to amend and clarify the definition of “material”.
IAS 23: IFRS IC publishes two agenda decisions
At the end of its September meeting, the IFRS IC decided to publish two agenda decisions relating to IAS 23, Borrowing Costs.
The IASB publishes its FICE discussion paper
On 25 June, the IASB a published a discussion paper presenting its current thinking on the Financial Instruments with the Characteristics of Equity project (FICE).