Amendments to MFRS 137 on Onerous Contracts – Cost of Fulfilling a Contract
On 14 May 2020, the IASB issued ‘Onerous Contracts — Cost of Fulfilling a Contract (Amendments to IAS 37)‘ amending the standard regarding costs a company should include as the cost of fulfilling a contract when assessing whether a contract is onerous. As a result, the Malaysian Accounting Standards Board (“MASB”) issued the amendments to […]
MASB Updates No.1 November 2021 – IFRS Interpretations Committee (IFRIC) Agenda Decisions
1. In October 2021, the IFRIC published the following Agenda Decisions: 👉 Non-refundable Value Added Tax on Lease Payments (IFRS 16 Leases) – https://lnkd.in/erU47NX7 👉 Accounting for Warrants that are Classified as Financial Liabilities on Initial Recognition (IAS 32 Financial Instruments: Presentation) – https://lnkd.in/ek38qV7n 2. The IFRS Foundation has also issued Compilation of Agenda Decisions […]
