Dear all,
Lazada TH is in the group of Rocket Internet gmbh stated in Burlin. We are subsidiary company which is in consolidation financial statement. The correctness and reliability of financial statement is very important to management level to make decision. We have to submit IFRS financial statement and KPI report on monthly basic to parent company in time which is usually within 15 days after month end. As you know, I have responded for month-end closing process which have to be finished within 10 day after month end. Then Tristram review the correctness of financial statement before it is used by others such as BI department.
So to improve quality of LZD TH financial statement and to act according to IFRS (International Financial Reporting Standard) and TAS (Thailand Accounting Standard), we have to more carefully record accounting entries. If you do not sure about these, please find information of accounting practice in Federation of Accounting Professions (http://www.fap.or.th/).
I also attach digest TAS which is hopefully help all of you to do these.
Feel free to ask me and Tristram directly if you have any questions.
Thank you & Regards.