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.
Publication of IFRS 19
On 9 May 2024, the IASB issued IFRS 19 – Subsidiaries without Public Accountability: Disclosures.
IASB publishes amendments to IFRS 9 and IFRS 7
On 30 May 2024, the IASB published its final amendments on the classification and measurement of financial instruments, which address certain application difficulties identified by the IASB during its Post-implementation Review of IFRS 9.
Publication of IFRS 18 Presentation and Disclosure in Financial Statements
Published on 9 April 2024, IFRS 18 will replace the existing standard on the presentation of financial statements, IAS 1, and will amend several other standards, including IAS 7 Statement of Cash Flows and IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors.
Climate-related and other uncertainties in the financial statements
The IASB’s April meeting discussed its project on climate-related and other uncertainties in the financial statements, which aims to examine how, through targeted actions, the IASB could help to improve the presentation of information on such issues.
IFRS IC confirms its position on payments contingent on continued employment following a business combination (IFRS 3)
In April 2024, the IASB approved the IFRS IC‘s March decision on how an entity should account for payments to the sellers of a business it has acquired if those payments are contingent on the sellers’ continued employment during a post-acquisition handover period.