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IAS 11 Project accounting - contractee's accounting

Date recorded:

Issue

The IFRIC was asked to consider providing guidance on the proper accounting by the contractee as a construction project develops from contract signature to completion.

 

Decision not to add

September 2004

 

Reason

The IFRIC agreed not to add this topic to the agenda, as the issue was one of application rather than principle.  Also, there was no convincing evidence of widespread problems in practice.

 

IFRIC reference: IAS 11

Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.