Construction Contracts Archives |

7 Key Points to Study for IAS 11 Construction Contracts

Posted by Pete
Construction Contracts, IAS 11 Construction Contracts

When studying IAS 11 Construction Contracts, you can split the topic into seven key areas: 1. Definition of a construction contract A construction contract is a contract specifically negotiated for the design, manufacture or construction of: a...

19 Mar

IFRS

Update: IAS 11 Construction Contracts multiple choice questions

Posted by Pete
Construction Contracts, IAS 11 Construction Contracts

Are you studying IAS 11 Construction Contracts? Sometimes it can be easier to revise if you 'do' rather than just read. Why not try out our multiple choice IAS 11 questions? Click here to...

4 Steps to Follow for Fixed Price Construction Contracts in IAS 11

Posted by Pete
Construction Contracts

If the contract is a fixed price and is expected to make a profit; the steps to follow for IAS 11 are as follows: Step 1 – Calculate the total profit expected on the contract This is...

4 steps to account for loss making contracts for IAS 11

Posted by Pete
Construction Contracts

When you're studying IAS 11 Construction Contracts, if a loss is expected on the contract, the entire loss should be recognised immediately in the income statement. This is an application of the prudence concept...

Shopping cart

1. IFRS notes

2. ACCA notes

3. CAI notes

4. IFRS quizzes

Tag Archives: Construction Contracts

7 Key Points to Study for IAS 11 Construction Contracts

Update: IAS 11 Construction Contracts multiple choice questions

4 Steps to Follow for Fixed Price Construction Contracts in IAS 11

4 steps to account for loss making contracts for IAS 11

What you Need to Know About Inventories for IAS 2

Outsourcing

Step Acquisitions under IFRS 3

5 Tips on Starting Your Financial Accounting Career