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IFRS Foundation 7 Westferry Circus Canary Wharf London E14 4HD

   

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17 Harcourt Street, Dublin 2, D02 W963 +353 (0) 1 425 1000 cpa@cpaireland.ie cpaireland.ie
The Institute of Certified Public Accountants in Ireland (CPA Ireland) is a company limited by guarantee.
Registered office as above. Company No. 010475 (Ireland).
IFRS Foundation
7 Westferry Circus
Canary Wharf
London E14 4HD
United Kingdom
12th March, 2019
To whom it may concern,
The Institute of Certified Public Accountants in Ireland welcomes the opportunity to comment on:
Exposure Draft ED/2018/2
Onerous Contracts—Cost of Fulfilling a Contract
Question 1
Do you agree that paragraph 68 of IAS 37 should specify that the cost of fulfilling a
contract comprises the costs that relate directly to the contract? If not, why not, and
what alternative do you propose?
The Committee agrees with the inclusion of this clarification.
Question 2
The Board proposes to add paragraphs 68A–68B which would list costs that do, and do
not, relate directly to a contract.
Do you have any comments on the items listed?
Are there other examples that you think the Board should consider adding to those
paragraphs? If so, please provide those examples.
The Committee is content that the examples given are sufficient.
Question 3
Do you have any other comments on the proposed amendments?
We have no further comments.
If you have any questions on the above please do not hesitate to contact me.
Yours sincerely,
David Roxburgh
Chairperson, Financial Reporting Sub - Committee
IFRS Foundation 7 Westferry Circus Canary Wharf London E14 4HD_1

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