Narrow scope Amendments to IAS 37 – International Accounting Standards Board
Date recorded:
At its meeting on September 24, 2019, the IASB discussed feedback on the Exposure Draft and decided to proceed with its project to make a narrow-scope amendment to IAS 37 to clarify which costs an entity includes in determining the ‘cost of fulfilling’ a contract for the purpose of assessing whether that contract is onerous. It also tentatively decided to specify, as proposed in the Exposure Draft, that such costs comprise those that relate directly to the contract. The Board will consider other aspects of the feedback on the Exposure Draft at a future meeting.
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