Mazars Seminar On The New Thai Financial Reporting Standards

Mazars will hold a seminar on the new Thai Financial Reporting Standards (‘TFRS’) for Non-Publicly Accountable Entities (‘NPAEs’).

Keywords: Thailand, TFRS, NPAE, Financial, Accounting, Audit

This seminar will examine in detail the key changes that will impact your company’s financial reporting.

Date: 28 June 2011
Time: 8.30 am registration, seminar from 9am until noon
Where: Bangkok Club, 28th Floor, Sathorn City Tower (nearest BTS: Chong Nonsi)
Who should attend: Accounting Managers / Financial Controllers – i.e. those responsible for financial reporting
Language: The seminar will be presented in Thai
Presenters:
  • Suleeporn Triyaprasertporn, Audit Director
  • Wannawat Hemachayart, Audit Assistant Director
  • Jantana Sangjam, Accounting Manager

Who is impacted by this standard?

All NPAEs (see definition below), being around 90% of all companies in Thailand.

Please note that the new TFRS are effective for accounting periods beginning on or after 1 January 2011. Therefore, companies with 31 December year ends will be required to prepare their 2011 financial statements under the new TFRS.

Which accounting topics will the seminar cover?

  • Presentation of Financial Statements;
  • Accounts receivable;
  • Inventory;
  • Plant and equipment investment;
  • Intangible assets;
  • Borrowing costs;
  • Leases; and
  • The impact of fluctuation in foreign exchange rates.

What is an NPAE?

NPAEs are Non-Publicly Accountable Entities. NPAEs are not:

  1. Entities that have their equity securities and debt securities publicly traded.
  2. Entities that have to submit their financial statements to SEC, SET or other government units for the reason of publication of their marketable securities.
  3. Entities that are governed by specific legislation, like Banks, Insurance, Securities, mutual funds and other financial institutions.
  4. Public companies.

For more details and to book your place please contact:

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