Accounting for Construction Contracts with Uncertain Outcome
Accounting treatment When outcome of a contract cannot be measured reliably, no …
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IAS 11 Construction Contracts
Accounting for Loss Making Construction Contracts
Accounting treatment If a loss is expected in respect of a construction …
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Accounting for Profit Making Construction Contracts
Accounting treatment Where outcome of the contract can be estimated reliably and …
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Stage of Completion (Percentage of Completion)
Stage of completion, also known as percentage of completion, is a measure …
Introduction to Accounting For Construction Contracts
Accounting for construction contracts mainly includes treatment in respect of contract revenue, …
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IAS 11: Types and Features of Construction Contracts
Types of Construction Contracts There are two generic types of construction contracts: Fixed …
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IAS 11 Construction Contracts
IAS 11 defines construction contract as: “… a contract specifically negotiated for …