You will find here a series of summaries providing an overview of useful IFRS regulations, processes and IFRS issues for Doing Business in Thailand.

Putting IFRS 16 into practice

In early January, the IASB published on its website an article in which four of its members (Sue Lloyd, Gary Kabureck, Darrel Scott and Stephen Cooper) offered some practical advice to entities about putting IFRS 16 – Leases into practice.

IASB Update – February 2017

After a pause of several months, the IASB has started the year by presenting its annual improvements in a short exposure draft, with the next consultations expected as of April.

IASB issues amendments to IAS 40

On 8 December 2016, the IASB published amendments to IAS 40 – Investment Property. The changes clarify when an entity must transfer a property asset to (or from) the ‘investment property’ category.