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IAS 11

Forums › ACCA Forums › DipIFR forums › IAS 11

  • This topic has 1 reply, 2 voices, and was last updated 10 years ago by Sangria9.
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  • October 21, 2014 at 7:28 pm #205314
    Mohammed
    Member
    • Topics: 19
    • Replies: 7
    • ☆

    Hi,
    the cost of inefficiencies shall be included / excluded from the contract cost ?
    Ex. in year two the contractor incurred additional costs of $ 500 due to inefficiencies .

    October 27, 2014 at 7:12 pm #206286
    Sangria9
    Member
    • Topics: 25
    • Replies: 285
    • ☆☆☆

    @Mohammed,
    I would say YES. The entity incurred costs, so include them to the cost of goods sold. The other question, would the client compensate additional costs 🙂

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