Amendments to MFRS 137 on Onerous Contracts – Cost of Fulfilling a Contract
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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 […]