Belgium

Details

  • Service: IFRS
  • Industry: Infrastructure, Government and Healthcare, Building, Construction and Real Estate
  • Type: Publication series
  • Date: 13/12/2011

New on the Horizon: Revenue recognition for building and construction  

New on the Horizon is aimed at your client’s Chief Financial Officer and Financial Controller. This publication addresses issues specific to entities in the Building and Construction sector.
New on the Horizon: Revenue recognition for building and construction
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Highlights:

 

  • How the changed proposals have improved the position for the B&C sector compared with the ED issued last year
  • Key elements from the 5-step revenue recognition model
  • How a client can achieve recognition of income and profit as a contract proceeds
  • Critical judgements to be made at contract inception and throughout a contract life cycle
  • New significant disclosure requirements