Sample Disclosure – Change In Accounting Policy, Measurement Of Stage Of Completion Of Contract Work (8 December 2009)

CHANGE IN ACCOUNTING POLICY – MEASUREMENT OF STAGE OF COMPLETION FOR CONTRACT WORK Prior to 1 July 2008, where the outcome of a construction contract can be reliably estimated, contract revenue and contract costs are recognised as revenue and expenses respec...

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Tagged As: change in accounting policy, measurement of contract stage of completion, proportion of contract costs as work performed, Sample Disclosure in Financial Statements, survey of work done