Muthupandian, K S (2008): IAS 11 Construction Contracts - A Closer Look. Published in: The Management Accountant , Vol. 43, No. 12 (December 2008): pp. 900-904.
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Abstract
The International Accounting Standards Committee issued the the International Accounting Standard 11, Construction Contracts. The objective of IAS 11 is to prescribe the accounting treatment of revenue and costs associated with construction contracts. This Standard uses the recognition criteria established in the framework for the preparation and presentation of financial statements to determine when contract revenue and contract costs should be recognised as revenue and expenses in the income statement. It also provides practical guidance on the application of these criteria. This article presents a closer look of standard (objective, scope, definitions, accounting treatment, recognition, presentation and disclosures).
| Item Type: | MPRA Paper |
|---|---|
| Original Title: | IAS 11 Construction Contracts - A Closer Look |
| Language: | English |
| Keywords: | International Accounting Standard; Construction Contracts; Fixed price contract; Cost plus contract; Contract revenue; contract costs; IAS 11; IASC; IASB |
| Subjects: | M - Business Administration and Business Economics ; Marketing ; Accounting ; Personnel Economics > M4 - Accounting and Auditing > M41 - Accounting |
| Item ID: | 40027 |
| Depositing User: | Muthupandian K S |
| Date Deposited: | 13 Jul 2012 14:09 |
| Last Modified: | 27 Sep 2019 14:27 |
| References: | Muthupandian K S (2008), IAS 11 Construction Contracts - A Closer Look, The Management Accountant, December, Vol. 43 No. 12 |
| URI: | https://mpra.ub.uni-muenchen.de/id/eprint/40027 |
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