The Federation of Accounting Professions (“FAP”) has finalised revising Thai Financial Reporting Standards, including: Thai Financial Reporting Standards (“TFRS”), Thai Accounting Standards (“TAS”), Thai Financial Reporting Interpretations Committee (“TFRIC”) and Thai Standing Interpretations Committee (“SIC”) in accordance with International Financial Standards (“IFRS”) Bound Volume 2012.
17 March 2014
Keywords: Mazars, Thailand, Accounting, Thai Financial Reporting Standards, TFRS, TAS, FAP, TFRIC, SIC, IFRS, Thai GAAP
| Thai Financial Reporting Standards |
| TFRS 2 | Share - Based Payments (revised 2012) |
| TFRS 3 | Business Combination (revised 2012) |
| TFRS 5 | Non-current Assets Held for Sale and Discontinued Operations (revised 2012) |
| TFRS 8 | Operating Segments (revised 2012) |
| Thai Accounting Standards |
| TAS 1 | Presentation of Financial Statements (revised 2012) |
| TAS 7 | Statement of Cash Flows (revised 2012) |
| TAS 12 | Income Taxes (revised 2012) |
| TAS 17 | Leases (revised 2012) |
| TAS 18 | Revenue (revised 2012) |
| TAS 19 | Employee Benefits (revised 2012) |
| TAS 21 | The Effects of Changes in Foreign Exchange Rates (revised 2012) |
| TAS 24 | Related Party Disclosures (revised 2012) |
| TAS 28 | Investments in Associates (revised 2012) |
| TAS 31 | Interests in Joint Ventures (revised 2012) |
| TAS 34 | Interim Financial Reporting (revised 2012) |
| TAS 36 | Impairment of Assets (revised 2012) |
| TAS 38 | Intangible Assets (revised 2012) |
| TFRIC |
| TFRIC 1 | Changes in Existing Decommissioning, Restoration and Similar Liabilities |
| TFRIC 4 | Determining whether an Arrangement contains a Lease |
| TFRIC 5 | Rights to Interests arising from Decommissioning, Restoration and Environmental Rehabilitation Funds |
| TFRIC 7 | Applying the Restatement Approach under IAS 29 Financial Reporting in Hyperinflationary Economies |
| TFRIC 10 | Interim Financial Reporting and Impairment |
| TFRIC 12 | Service Concession Arrangements |
| TFRIC 13 | Customer Loyalty Programmes |
| TFRIC 17 | Distributions of Non-cash Assets to Owners |
| TFRIC 18 | Transfers of Assets from Customers |
| SIC |
| SIC 15 | Operating Leases-Incentive |
| SIC 27 | Evaluating the Substance of Transactions Involving the Legal Form of a Lease |
| SIC 29 | Service Concession Arrangements: Disclosure |
| SIC 32 | Intangible Assets-Web Site Cost |
