Any business operation requires fixed assets to function. The corporation has made a large investment in these assets, which are utilized to generate income. As a result, it's crucial to keep an accurate record of fixed assets.
Accounting & Legal in Thailand
Financial statements are documents that outline a company's performance and financial health in Thailand. They are a crucial resource for stakeholders to use when making choices concerning loans, investments, and other financial dealings. The balance sheet, income statement, and cash flow statement are the three primary forms of financial statements in Thailand.
The process of presenting financial information to external stakeholders, including as investors, creditors, and regulators, is known as financial reporting. International accounting standards have been designed to guarantee that financial information is similar and uniform across various nations.
