Accounting Section - Doing Business

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

Accounting for a non-refundable up-front fee

How to account for a non-refundable up-front fee paid to a customer?

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Accounting for Unpaid Share capital

On 15 June 2018, a new company (“the Company”) was set up, having registered share capital of THB 20 million consisting of 200,000 ordinary shares at a par value of THB 100. On the same date, 25% of the registered share capital was paid up.

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Bill-and-hold arrangement

A bill-and-hold arrangement is a contract under which an entity bills a customer for a product but retains physical possession of the product until it is transferred to the customer at a future point in time.

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TFRS 15 – Revenue from contracts with customers

A new Thai Financial Reporting Standard, TFRS 15, ‘Revenue from contracts with customers’, has been issued and applies to accounting periods beginning on or after 1 January 2019.

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Recognition of Investment Property

Paragraph 198 of the Thai Financial Reporting Standards for Non-Publicly Accountable Entities (TFRS for NPAEs) states:

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