wanted to know if work certified and billed is the same as revenue recognised
Ask the Tutor ACCA FR
construction contracts ias 36
11y ago#1Hi, no, it's not the same. It MAY be the same, and will be the same, where the examiner says something like "The company measures stage of completion on the basis of progress invoices raised compared with overall contract value" but otherwise they're not the same.
You could have worked that out for yourself simply by looking at the course notes examples!
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