IAS 11 Home › Forums › ACCA Forums › DipIFR forums › IAS 11 This topic contains 1 reply, has 2 voices, and was last updated by Sangria9 3 years ago. Viewing 2 posts - 1 through 2 (of 2 total) Author Posts October 21, 2014 at 7:28 pm MohammedParticipant 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 Sangria9Moderator @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 🙂 Author Posts Viewing 2 posts - 1 through 2 (of 2 total) You must be logged in to reply to this topic.