onerous contract

A contract in which the unavoidable costs of meeting the obligations under the contract exceed the economic benefits expected to be received under it.

(According to International Accounting Standards IAS 37)



Article ID: 2093
Last updated: 16 Feb, 2022
Bản cập nhật: 1
Thuật ngữ tài chính kế toán -> M-N-O -> onerous contract
https://tuvan.webketoan.vn/onerous-contract_2093.html