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.
IASB proposals to clarify IFRS 15
The IASB issued an exposure draft in order to clarify a number of provisions in IFRS 15, Revenue Recognition.
Deferral of IFRS 15 mandatory effective date
As reported previously, the IASB recently published an exposure draft proposing a one-year deferral of the mandatory effective date of IFRS 15.
Amendments to IAS 19 and IFRIC 14 proposed
On 18 June 2015, the IASB published for comment exposure draft ED/2015/5 Remeasurement on Plan Amendment, Curtailment or Settlement/ Availability of refund from a Defined benefit Plan of proposed amendments to IAS 19 – Employee Benefits and IFRIC 14 – The Limit on a Defined Benefit Asset, Minimum Funding Requirements and their Interaction.
IASB reports on IFRS 3 PiR
On 17 June 2015, the IASB announced that it had completed the Post-implementation Review (PiR) of IFRS 3, and published a report on the findings of the review.
Improvements to the Notes
On 5 May 2015, the IFRS Foundation published its annual report for the financial period to 31 December 2014. In line with the project to improve the notes to financial statements, the Foundation’s financial statements were presented in accordance with the amendments to IAS 1 published by the IASB at the end of 2014.