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Accounting for construction contracts

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Accounting for construction contracts

Post  Gobi on Tue Feb 22, 2011 12:17 am

What is the possibility to IAS 11 being tested in the exam,, as we are involved in a construction firm this may come up isnt?? i hope we wld ve studied IAS 11 in P7 or Fo, bt refreshing the treatment of it will be add value isnt?

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IAS 11 Construction Contracts

Post  Moderator1 on Tue Feb 22, 2011 12:35 am

It is highly unlikely that it will be tested, since this is a management accounting qualification, a through knowledge on IAS 11 is not required, but as a Management Accountant, you need to have an idea on IAS 11, so we will put some examples for you to practice! sunny

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Re: Accounting for construction contracts

Post  Gobi on Tue Feb 22, 2011 1:48 am

Thnks alot guys for ur time & expertise,, k i wait for ur post on this,, Thnks again

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IAS 11 Construction Contracts

Post  Moderator1 on Tue Feb 22, 2011 2:28 am

Thanks a lot for your positive responses. We appreciate them a lot.
I found these sites useful. Please check it out.

http://www.accountancystudents.co.uk/news/read/ias_11_construction_contracts/

http://www.icaew.com/en/library/subject-gateways/accounting-standards/ifrs/ias-11


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IAS 11 Construction Contracts ppt

Post  Moderator1 on Tue Feb 22, 2011 2:35 am

Here is a power point presentation and a pdf I found!
Attachments
IAS-11_Presentation.pps You don't have permission to download attachments.(1.3 Mb) Downloaded 42 times
ias11_en.pdf You don't have permission to download attachments.(36 Kb) Downloaded 27 times

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Re: Accounting for construction contracts

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