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+--- Thread: background: Construction Contracts (/showthread.php?tid=4197)
background: Construction Contracts - kmeechin - 02-14-2007
What is the background of "Accounting for Construction Contracts" (IAS11)?? In Uk, previously this standard was known as "SSAP 9 - Stocks and Long-term Contracts". Then this standard divided into two IASs, i.e. IAS2 - Inventories & IAS11 - Construction contracts. So, any idea where i can find the different between pre & post of this standard?? Does Malaysia SME's construction company also need to follow this standard?