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 applicable at 31 December 2017
As a reminder, the following principles govern the first application of the IASB’s standards and interpretations.
Case study report on improving disclosures
On 5 October 2017, the IASB issued a case study report entitled Making disclosures more meaningful, looking at how six companies have improved their disclosures in term of both the improvement process and its outcomes.
Measurement of long-term interests in associates and joint ventures
On 12 October 2017, the IASB published an amendment to IAS 28 on the “other interests” in an associate or joint venture to which the equity method is not applied: for example, long-term loans which, in substance, form part of the net investment in the associate or the joint venture.
Debt modifications under IFRS 9
The IASB has finalised and published its position by adding some paragraphs in the Basis for Conclusions to the IFRS 9 amendment on symmetric prepayment options, published on 12 October.
IFRS 9 amendment on symmetric prepayment options
On 12 October, the IASB published an amendment to IFRS 9 on financial instruments.