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.
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.
IASB to clarify its definitions of accounting policies and estimates
On 12 September 2017, the IASB published an exposure draft offering clarifications of the concepts of accounting policy and accounting estimates defined in IAS 8.
Materiality: the IASB publishes two documents
As part of its Better Communication project, the IASB published two documents on materiality on 14 September 2017.