presenters and should not be treated as those of the SEC Thailand. • These slides are not to be posted (on any websites or public domains), cited, copied or circulated. 2 Revenue recognition 3 Revenue
cycle were found in the following areas: audit sampling, audits of revenue recognition under percentage of completion method, audits of inventory and cost of sales, and the process of forming an audit
property sales and the sale of holiday club memberships decreased by Baht 200 million. The difference is largely attributed to the revenue recognition of two property sales projects namely Cassia Phuket and
club memberships decreased by Baht 379 million. The revenue recognition of the property sales projects (Dusit Villa, Banyan Tree Grand Residences, Banyan Tree Spa Pool Villas and Cassia Phuket) and the
in June 2020. • Gross profit of Very Small Power Producer (VSPP) and others increased by THB 173 million mainly from recognition of gross profit from Global Renewable Power Co., Ltd. (GRP) after the
an increase in total revenue of 81% YoY. These were mainly from a (one-time) recognition of an upfront 50-year lease payment of a certain office space at Singha Complex and higher contribution from
CPD) 2020 • The Impacts of COVID-19 on the Auditor's Performance • The Use of Data Analytics Techniques in Audits • Common Issues from Audit Inspection • Panel Discussion on the Preparation of
and the TFRS 9 revenue recognition concept adopted for calculation of interest income and fee income related to loan, as well as reduction of contributions to the Financial Institutions Development Fund
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