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Knowledge base for IFRS Reporting

IFRS Topics A – Z
IFRS in short
IFRS vs US GAAP
The IFRS Standards
The IFRS Definitions
The IFRS Jargon

IFRS Topics A – Z
IFRS in short
IFRS vs US GAAP
The IFRS Standards
The IFRS Definitions
The IFRS Jargon

IFRS Defintions

1 A B C D E F G H I J K L M N O P Q R S T U V W

Ob On Op Or Ot Ow

Onerous contract

An onerous contract is a contract in which the unavoidable costs of meeting the obligations under the contract exceed the economic benefits expected to be received under it.

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Disclosure of Accounting Policies – update 2022
Cryptocurrencies
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IAS 36 Impairment of assets
IAS 37 Provisions
IAS 38 Intangible assets
IFRS 16 Leases – Best Complete Read
Investment property

Newest IFRS topics

IFRS 2022 update – IAS 8 Definition of Accounting Estimates – Your best read
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IFRS 16 Leases presentation in cash flows – Complete easy read
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