IAS 11 Project accounting - contractee's accounting

Date recorded:


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



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

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