• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
Free ACCA & CIMA online courses from OpenTuition

Free ACCA & CIMA online courses from OpenTuition

Free Notes, Lectures, Tests and Forums for ACCA and CIMA exams

  • ACCA
  • CIMA
  • FIA
  • OBU
  • Books
  • Forums
  • Ask AI
  • Search
  • Register
  • Login
  • ACCA Forums
  • Ask ACCA Tutor
  • CIMA Forums
  • Ask CIMA Tutor
  • FIA
  • OBU
  • Buy/Sell Books
  • All Forums
  • Latest Topics

June 2025 ACCA Exams

How was your exam? Comments & Instant poll >>

20% off ACCA & CIMA Books

OpenTuition recommends the new interactive BPP books for September 2025 exams.
Get your discount code >>

Construction contracts

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › Construction contracts

  • This topic has 3 replies, 2 voices, and was last updated 8 years ago by MikeLittle.
Viewing 4 posts - 1 through 4 (of 4 total)
  • Author
    Posts
  • August 2, 2016 at 4:45 pm #330896
    aamir2111
    Participant
    • Topics: 123
    • Replies: 85
    • ☆☆☆

    Hello Mike,

    So far what I learned from your construction contracts tutorial was from contractor’s view point. However, I am curious to know how is the Accounting treatment from perception of the client. Especially, in regards with the perspection of National Oil companies, who have many contractors working for them on multiple construction projects. Do the clients treant the costs of construction in the same manner as the revenue recognised by the contractor or is there a difference in accounting treatment?

    Thank you 🙂

    August 2, 2016 at 8:54 pm #330945
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23318
    • ☆☆☆☆☆

    Hi

    Well, this is the second question this week that I have never been asked before. As it happens, I don’t believe that construction contract accounting from the perspective of the client is within the bounds of your syllabus (maybe that’s why I’ve never been asked before!)

    I believe that I’m correct in saying that, where large entities like oil entities engage the services of sub-contractors, they account for the cost of those sub-contractors as direct costs of either production or costs involved in construction of assets

    But it’s not in your syllabus!

    August 3, 2016 at 3:58 pm #331162
    aamir2111
    Participant
    • Topics: 123
    • Replies: 85
    • ☆☆☆

    Thank’s Mike. Yes, I am well aware that it ain’t a part of the syllabus, but it was a question out of general curiousity.

    August 3, 2016 at 9:19 pm #331234
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23318
    • ☆☆☆☆☆

    Let’s concentrate on passing exams before we get into aesthetics!

  • Author
    Posts
Viewing 4 posts - 1 through 4 (of 4 total)
  • You must be logged in to reply to this topic.
Log In

Primary Sidebar

Donate
If you have benefited from our materials, please donate

ACCA News:

ACCA My Exam Performance for non-variant

Applied Skills exams is available NOW

ACCA Options:  “Read the Mind of the Marker” articles

Subscribe to ACCA’s Student Accountant Direct

ACCA CBE 2025 Exams

How was your exam, and what was the exam result?

BT CBE exam was.. | MA CBE exam was..
FA CBE exam was.. | LW CBE exam was..

Donate

If you have benefited from OpenTuition please donate.

PQ Magazine

Latest Comments

  • John Moffat on Activity Based Costing part 1 – ACCA Performance Management (PM)
  • Shabi on Activity Based Costing part 1 – ACCA Performance Management (PM)
  • Ark1 on Variance Analysis (part 4) – ACCA Management Accounting (MA)
  • EricObi on IAS 37 – Best estimate – ACCA Financial Reporting (FR)
  • Ken Garrett on The nature and structure of organisations – ACCA Paper BT

Copyright © 2025 · Support · Contact · Advertising · OpenLicense · About · Sitemap · Comments · Log in