TAS 28 : Investments in Associates and Joint Venture

Abstract

          The Federation of Accounting Professions under the Royal Patronage of His Majesty the King developed the Accounting Standard No.28 (revised 2015) “Investments in Associates and Joint Venture”. The reasons is to align the Thai Accounting Standard with the International Accounting Standard which enables the comparison between financial statement of Thai and international financial statement. The significance issues in this standards are 1) the consideration of the significant “influences” 2) the principle of accounting in practice, and 3) the data disclosing. The readers will gain benefits about accounting principles for investments in associates and Joint Venture and data disclosure in financial statement. Moreover, there are some examples of the accounting record and various financial statements that correspond with the Accounting Standard No.28 (revised 2015) on “Investments in Associates and Joint Venture”