I have read a ton of ifrs 15 articles including the official and ias plus but they didn't specifically mention construction contracts. I am so confused right now. I know IFRS 15 replaced IAS 11 but there is not mention of them anywhere including the syllabus. Just wanted to ask that are they still examinable?
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Are construction contracts examinable in f7?
10y ago#1Yes, mentioned in the syllabus is something about ways of calculating appropriate revenue so the chapter in the course notes dealing with construction contract revenue is still applicable, so far as I can tell!
Thank you so much Mike, and for this awesome resource called OT. I've been studying with ALP but they complicated this topic so much, I literally didn't know what I was studying, and started hoping for exclusion of this topic from exam (lol). I just read the construction contracts chapter from OT notes and believe me, I feel confident now and everything made sense. Sometimes, people complicate the simplest things
10y ago#3Isn't that just like life!
:-)
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