ContractsForums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › ContractsThis topic has 1 reply, 2 voices, and was last updated 4 years ago by P2-D2.Viewing 2 posts - 1 through 2 (of 2 total)AuthorPosts October 5, 2020 at 8:37 pm #587421 adamParticipantTopics: 1Replies: 0☆why isn’t a contract considered an asset? It arises from past events and future economic benefits are expected to flow towards the entity which can be measured reliably as a price would have been agreed and the work required also stipulated October 11, 2020 at 8:26 am #588567 P2-D2KeymasterTopics: 4Replies: 7127☆☆☆☆☆Hi,You can’t recognise an asset as it is not prudent to do so, therefore the contract would not be recognised.ThanksAuthorPostsViewing 2 posts - 1 through 2 (of 2 total)You must be logged in to reply to this topic.Log In Username: Password: Keep me signed in Log In