IFRS

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

Disclosures in financial statements

In line with its initiative to improve financial reporting and its strategic approach entitled Better Communication, on 30 March 2017 the IASB published a discussion paper on the principles of financial disclosure.

Improvements to IFRS8 on operating segments

Following its 2012-2013 review of the implementation of IFRS 8 on operating segments, on 28 March 2017 the IASB published an exposure draft proposing amendments to the standard and clarifications in three major areas.

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.

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