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.
Financial Statement Presentation Project
Faced with the ever-increasing volume of financial statements and particularly of disclosures in the notes, a number of stakeholders (accounting standard setters, market authorities and accounting professionals) looked into this subject between 2007 and 2013.
IAS 12 – Uncertain tax positions
In January 2014, the IFRS IC considered a request for guidance on the recognition of a current tax asset (in the sense of IAS 12) when the tax position was uncertain.
IASB Proposes Three Amendments to IFRS 2
On 25 November, the IASB published the exposure draft ED/2014/5 Classification and Measurement of Share-based Payment Transactions putting forward three amendments to IFRS 2 Share-based payment.
The IASB Updated Work Plan
At the end of its October meeting, the IASB updated its work plan.This included the postponement of the publication of the Leases standard, now expected in the second half of 2015 (rather than at the end of 2014); and he postponement of the publication of the Disclosure Initiative Discussion Paper, now expected in Q2 2015 (rather than Q1).
Leases: Further Deliberations
The IASB and the FASB are continuing to deliberate the proposals in the May 2013 Exposure Draft Leases. Final publication is now expected in the second half of 2015.