Connecting the dots : Managing corporate challenges in 2020 and beyond
About PwC Thailand’s 2019 Symposium (Thursday, 17 October 2019)
Synopsis - Connecting the dots: Managing corporate challenges in 2020 and beyond
Volatile global economic conditions, rapidly changing digital technologies, disruption at many levels. So many things are affecting the way all businesses operate.
The next decade is shaping up to be a challenging time for business growth and transformation. Those charged with setting accounting standards are fighting to keep up. Financial reporting rules are being revised and rewritten.
It’s becoming even more challenging to integrate changes in business transactions into financial reporting that aligns with your company’s strategies and compliance. But PwC Thailand can help.
Join our event to connect the dots and see the big picture. Our assurance partners and technical accounting experts will enlighten you on ways to tackle the major challenges to financial reporting when TAS 32, TFRS 9 and TFRS 16 become effective next year. You’ll also get the latest news on the status of crypto assets from the perspectives of both standards setters and the market. An expert team, led by our partner in deals services, will share insights on the business and accounting risks of expanding your business into our neighbouring countries. And our partner in risk assurance services will share his expertise and experience on why digital transformation is vital for internal auditors.
- 08:45am – 09:45am
- 09:45am – 10:30am
- 13:00pm – 13:30pm
- 13:30pm – 14:15pm
- 14:15pm – 15:00pm
08:45am – 09:45am
Financing is essential for business growth. Today’s financing arrangements contain innovative features, and while distinguishing between a liability or an equity isn’t easy, it’s a key factor in measuring performance.
We'll highlight the main challenges affecting the classification of liabilities and equity, especially for perpetual bonds when TAS 32 becomes effective. Also, you’ll be briefed on how to manage the changes in financial reporting and stakeholders’ expectations.
Initial Coin Offering is a new source of funds that’s definitely worth talking about. During this session, you’ll get the latest update on crypto assets and details of what International Accounting Standards Board says about applicable accounting methods for both holders and issuers. You’ll also see examples of accounting practice for crypto coin issuers in international and Thai markets.
09:45am – 10:30am
This session highlights the latest trends in accounting, with updates on new and amended standards including the recent IFRS Interpretations Committee’s agenda decisions that you need to be aware of.
13:00pm – 13:30pm
As Thailand is geographically well-positioned as the hub and trading center of South-east Asia, continued expansion into the neighbouring countries such as Cambodia, Laos, Myanmar and Vietnam is an expected growth plan. Nonetheless, what is common to us in Thailand may not be so common at our neighbours. Let us look at some of the common risks in outbound investments.
13:30pm – 14:15pm
We’re witnessing the evolution of digital transformation with waves of emerging technologies being applied in Thai corporations. Internal audit, vis-a-vis, the third line of defense, is seeking ways to play catch up, so perhaps this technology could be the answer to leapfrog to the forefront.
We have been instrumental in facilitating the digital transformation journey of Thailand's leading internal auditors and the profession as a whole. We have hands-on implementation experience in various technology enabled solutions in Thailand and understand the challenges around practicality and managing stakeholder expectations.
14:15pm – 15:00pm
In this session, we’ll share managing solutions that will minimise volatility and the unintended consequences that might occur in financial reporting when TFRS 9 and TFRS 16 become effective next year. We'll introduce the benefits of applying hedge accounting. Discuss how to deal with debt modifications under different scenarios. And share tips on how to manage lease liabilities when new leasing standard requires you to recognise all leases on the statement of financial position.
