Accounting for Construction Contracts - Printable Version +- Accountancy Forum (https://www.accountancy.com.pk/forum) +-- Forum: The Profession (https://www.accountancy.com.pk/forum/forumdisplay.php?fid=4) +--- Forum: Accounting and Audit (https://www.accountancy.com.pk/forum/forumdisplay.php?fid=7) +--- Thread: Accounting for Construction Contracts (/showthread.php?tid=4198) |
Accounting for Construction Contracts - kmeechin - 02-14-2007 The "Accounting for construction contracts" is an international accounting standard(i.e. IAS11). In Malaysia, does this standard apply to SME's construction company as well? If a contract that only take one to six month(s) to complete, does this contract apply to IAS11? - Muhammad Ahmad - 02-14-2007 Applicability of IAS depends upon the relevent laws & legisilation of that contary. The IAS 11 will be applicable to all contracts irrespactive of the period of agreement. |