Global

Details

  • Service: Audit
  • Industry: Building & Construction
  • Type: Business and industry issue
  • Date: 11/28/2011

New on the Horizon: Revenue recognition for building and construction 

This publication looks at the potential impact of the revised proposals on entities in the building and construction sector.

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

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IFRS Publications and news - IFRS publications and news – To receive information on the latest IFRS issues including GAAP comparisons, line of business, illustrative financial statements, comment letters and latest developments on Leases, Revenue and Financial Instruments 

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