IAS 37 is not applicable for Onerous Contracts? Ture or false

Start networking and exchanging professional insights

Next Question:
As per IAS 37, Contingent Asset is recognized immediately ? Ture or False
Posted by:
Mohammed Mohammed
20-April-2017

Accounting Cost Accounting Financial Accounting Financial Analysis IFRS

Question added by Mohammed Mohammed , Senior SAP Consultant , Abyat Mega Store
Date Posted: 2017/04/20

Upvote (0) Views (5) Followers (1) Answers (1) Report Question

Write an Answer
Register now or log in to answer.

1 Answers

by Abdul Rahman Mohammed Kunhi , Assistant Manager, Finance , National Technology Enterprises Company

False, it only excludes non-onerous executory contracts non-onerous executory contractsnon-onerous executory contractsnon-onerous executory contractsnon-onerous executory contractsn

Upvote (0)

Downvote Reply () Report

More Questions Like This

What are the conditions of making provision of restructuring in organization (ias-37)?
Top Answer: The condition may defer from organization to organization, as far as i understood the question.The condit ... See More

Answers (1)
What are the main objectives of the IAS 11 Construction and Contract?
Top Answer: The main objective of AIS 11 is to provide guidance on the allocation of Contract revenue and contract co ... See More

Answers (14)
Is IAS 7 applicable on Cash Flow Forecasting report?
Top Answer: Cash Flow ( Indirect Method ) is prepared on the basis of IAS7. IAS7 , discussed about the cash flow. ... See More

Answers (1)
All (ERP) systems are heavily dependent on databases to store the data required by the ERP applications. A. True B. False
Top Answer: <p>true</p> See More

Answers (2)

Do you need help in adding the right keywords to your CV? Let our CV writing experts help you.

Get Help

Products By Bayt.com

Use Our Mobile App

Start networking and exchanging professional insights

IAS 37 is not applicable for Onerous Contracts? Ture or false

Popular Searches

More Questions Like This