Boardroom Flash Vol. 6/2016 Transforming accounting principles and procedures relating to financial tools. “Classifying and assessing the value of financial tools”
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Policy Alert
Transforming accounting principles and procedures relating to financial tools.“Classifying and assessing the value of financial tools”
In talking about the new accounting principles and procedures relating to financial tools, it is necessary to talk about the new IFRS 9 procedures, which specifies various new financial tools that correspond to the ways of operating businesses as well as increased measures to manage financial risk management.
This new IFRS 9 procedures comprise of 3 core Sections; namely: (1) Classification and measurement, (2) Impairment, and (3) Hedge accounting
This issue of the Policy Alert explains the initial section of specified requirements of the IFRS 9 procedures relating to how financial institutions are required to classify and assess the value of the financial tools used. (Download to read more details)
CG News Update
Assessing the initial impacts of ‘BREXIT’ on the Thai economic system
Based on the recent referendum in the United Kingdom (UK) on whether the UK should, or should not, exit from the European Union (or ‘BREXIT’) that resulted in a majority vote favoring ‘to leave’ the EU, the Bank of Thailand (BoT) has assessed the possible initial direct impact for Thailand. The BoT has concluded that the direct impact on the Thai economic system, through direct effects on the associated trade channels and related financial institutions, is expected be somewhat limited. However, Thailand may be indirectly affected by short term increased volatility of the global financial markets and by the uncertainties with regard to the possibility of other member countries might also ‘leave’ the EU, which will then have significant impacts on international trade and investments as well as on the recovery and ongoing growth of the overall global economy. (Download to read more details)
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