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.
FICE project: ongoing discussions of proposed amendments to IAS 32 and IFRS 7
In April and May 2023, the IASB continued its deliberations on the classification of financial instruments as debt or equity instruments (Financial Instruments with Characteristics of Equity, “FICE”).
Redeliberations continue on Primary Financial Statements project
At its meeting of May 2023, the IASB continued its redeliberations on the proposals set out in the General Presentation and Disclosures Exposure Draft.
Eighth compilation of IFRS IC agenda decisions
On 4 May 2023, the IFRS Foundation published the eighth compilation of IFRS IC agenda decisions taken between November 2022 and April 2023.
Redeliberations continue on Goodwill and Impairment project
On 24 May 2023, the IASB met to discuss its Goodwill and Impairment project, in particular the proposed changes to IAS 36 Impairment of Assets in relation to the impairment test of cash-generating units containing goodwill.
Final amendments to IAS 7 and IFRS 7 on supplier finance arrangements
At the end of May 2023, the IASB published its final amendments to IAS 7 and IFRS 7 Supplier Finance Arrangements, providing for new disclosures on these arrangements, commonly known as "reverse factoring"