7 Key Points to Study for IAS 11 Construction Contracts

When studying IAS 11 Construction Contracts, you can split the topic into seven key areas:

1.  Definition of a construction contract

A construction contract is a contract specifically negotiated for the design, manufacture or construction of:

  • a single asset such as a bridge, building or road, or
  • a number of related assets. For example, a large factory may have different components

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