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.

Recognition of other costs associated with the acquisition of property, plant, and equipment

Under Thai Financial Reporting Standards, how do you account for the other costs associated with acquiring property, plant and equipment in a business transfer agreement?

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IOSCO encourages issuer’s fair disclosure about COVID-19 related impacts

On 29 May, IOSCO (the International Organization of Securities Commissions, which brings together market regulators such as ESMA, the European Securities and Markets Authority) issued a press release encouraging preparers of financial statements to publish fair disclosure on the impacts of the COVID-19 crisis.

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IFRS IC publishes agenda decision on accounting for deferred tax related to an investment in a subsidiary

The IFRS IC received a request about how an entity, in its consolidated financial statements, should account for deferred tax related to its investment in a subsidiary when profits are taxable only when distributed (i.e. only the group’s distributed profits are taxed; profit distributions that have already been taxed once at the subsidiary level are not taxed again at the parent company level).

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IFRS IC publishes agenda decision on sale-and-leaseback transactions with variable payments

The IFRS Interpretations Committee (IFRS IC) received a request about the accounting treatment of sale-and-leaseback transactions with variable payments.

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IFRS IC publishes agenda decision on player transfer payments

The IFRS Interpretations Committee (IFRS IC) received a request about the recognition in profit or loss of transfer payments received when a football club transfers a player under contract to another club.

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