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Interpreting and Applying IAS 11 – Construction Contracts

Interpreting and Applying IAS 11 - Construction Contracts

The interpretation and application of an accounting standard could be a complex task especially in those cases where a slightly different interpretation could lead to materially different financial results. The most difficult part of an accountant’s work life is to accurately apply the accounting standards without compromising on the fair presentation of financial data and that’s a skill which needs ...

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