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.
IAS 29 – Financial Reporting in Hyperinflationary Economies and IAS 12 – Income Taxes
Following its June redeliberations, the IASB reached the following tentative decisions:
Categories and subtotals in profit or loss
In its redeliberations, the IASB recognised a need to provide clarifications on the classification of income and expenses in specific situations.
Redeliberations continue on Primary Financial Statements project
At its June 2023 meeting, the IASB continued its redeliberations on the proposals in the General Presentation and Disclosures exposure draft.
IASB plans to bring IAS 28 rules on contingent consideration into line with IFRS 3
At its June meeting, the IASB continued deliberations on the Equity Method project (for which the Board is planning to publish an exposure draft in 2024).
IFRS 15 PiR: IASB publishes Request for Information
On 29 June, the International Accounting Standards Board (IASB) published a Request for Information as part of the Post-implementation Review (PiR) of IFRS 15 – Revenue from Contracts with Customers.