What is an onerous contract? IAS 37 defines an onerous contract: Onerous contract. A contract in which the unavoidable costs of meeting the obligations under ...

28 авг. 2020 г. · Under IFRS Standards, onerous contracts – those in which the unavoidable costs of meeting the contractual obligation outweigh the expected ...

Background. This project looks into which costs a company should include when assessing whether a contract will be loss-making. In picking up this project, ...

An onerous contract is an accounting term that refers to a contract that will cost a company more to fulfill than what the company will receive in return.

CONTACT(S). Craig Smith csmith@ifrs.org. +44 (0)20 7246 6410. This paper has been prepared for discussion at a public meeting of the International ...

14 мая 2020 г. · These requirements specify that a contract is 'onerous' when the unavoidable costs of meeting the contractual obligations – i.e. the lower of ...

IFRS requires recognition of an onerous loss for executory contracts if the unavoidable costs of meeting the obligations under the contract exceed the economic ...

28 мая 2022 г. · As discussed in the April 2022 edition, an insurance contract is classified as onerous at the date of its initial recognition.

16 июл. 2024 г. · Onerous contracts are those contracts for which the unavoidable costs of meeting the obligations under the contract exceed the economic ...

Consistency with other requirements in IAS 37 and requirements in other IFRS Standards. IAS 37 defines an onerous contract as 'a contract in which the ...