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.
Accounting for insurance contracts
On 18 May 2017, the IASB published IFRS 17 – Insurance Contracts. This marks the end of the last major standard-setting project of the past decade.
Post-implementation Review of IFRS 13
As part of the Post-implementation Review of IFRS 13 – Fair Value Measurement, the IASB has published two documents relating to two different phases of the project.
Disclosures in financial statements
In line with its initiative to improve financial reporting and its strategic approach entitled Better Communication, on 30 March 2017 the IASB published a discussion paper on the principles of financial disclosure.
Improvements to IFRS8 on operating segments
Following its 2012-2013 review of the implementation of IFRS 8 on operating segments, on 28 March 2017 the IASB published an exposure draft proposing amendments to the standard and clarifications in three major areas.
Putting IFRS 16 into practice
In early January, the IASB published on its website an article in which four of its members (Sue Lloyd, Gary Kabureck, Darrel Scott and Stephen Cooper) offered some practical advice to entities about putting IFRS 16 – Leases into practice.