Keywords: Mazars, Thailand, Accounting, FAP, IFRS, TFRS, TAS 101, TAS 104, TAS 105
11 September 2013
- No. 39.1: Recognition and measurement of financial instruments
- No. 39.2: Derivatives
- No. 39.3: Hedging accounting
- No. 32: Financial instruments presentation
- No. 7: Financial instruments disclosures
The guidelines are only for companies that apply full Thai Financial Reporting Standards (“TFRS”).
An entity can elect to apply any combination of the accounting guidelines, but cannot simultaneously apply ‘TAS 101 Doubtful and bad debts’, ‘TAS 104 Accounting by debtors and creditors for troubled debt restructurings’ and ‘TAS 105 Accounting for certain investments in debt and equity securities’.
Note that the new accounting standards under TFRS covering financial instruments are not effective for accounting periods before 1 January 2016, therefore these guidelines are intended as an interim measure.
When the guidelines are issued and the effective date for adoption announced, Mazars will provide further information.