Accounting, Auditing and Reporting in Thailand

Accounting period

Newly established business entities can choose a date for the initial accounting period. After that, accounts must be closed every twelve months.

If an entity wants to change its accounting period, it must obtain written approval from the Commercial Registration Department and the Revenue Department.

Accounting, Auditing and Reporting in Thailand

Account Book

The Accounts Act 2000 regulates the rules regarding accounting of accounts and supporting documents.

The law also stipulates qualifications from bookkeepers, who must be Thai residents, proficient in Thai, and graduates from vocational high schools or universities with a minimum Bachelor of Accounting degree.

The Civil and Commercial Code also provides general rules about accounts that must be maintained.

Recording accounting entries can be done in English, but a Thai translation must be added. All accounting entries must be written in ink, typed or printed. The computerized accounting system should be registered with the Department of Commerce and the Department of …

A Short Guide to Stocks and Shares

When an investor buys shares in a company or organization, they effectively buy part of that company or organization, or part of it if you want. Furthermore, the company’s performance will determine the value of shares, and overall investment. Because stock performance is related to earnings, companies that perform well will see an increase in the value of shares, with the opposite effect associated with companies that perform poorly.

Investors in a company are called shareholders, and they receive payments in the form of dividend payments that fluctuate in the company’s overall performance.

Investments in stocks are also known as ‘stocks’ and ‘equity’, and the stock market falls into two separate categories, the primary market and the secondary market.

A Short Guide to Stocks and Shares

Company Motives

There is only one reason for companies to sell shares and that is to increase capital to develop it. The company does this in two ways.

Main market

Issuing …

I Can Pay the Entertainment Costs

I hate paying for cable television, but I love watching the shows that come on it. I used to pay with money from my paycheck, but now I pay using profit that I’ve made from trading bitcoin. I use the Bitcoin Evolution official app to make my daily trades and monitor the state of the market. The price of bitcoin will change and give me an opportunity to make some good trades. I can easily make enough money to pay for a year of cable in a couple of months, just by doing nothing but trading.

I even used some of my bitcoin profit to pay for a new cable box.…