F7 – Framework

This topic has 3 replies, 3 voices, and was last updated 15 years ago by christine71.

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February 16, 2011 at 6:59 am #47395
christine71
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How to link the framework to the IAS , example the principles of percentage of completion (IAS 11) and completed contracts basis ?

Thanks

Best Regards
Christine
February 16, 2011 at 1:16 pm #77223
joelim
Member
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Prudence. income generated match to related expenses incurred in the same accounting period…

this is my opinion.
btw this is my first time attempting F7.
how about you and where you study?
February 17, 2011 at 11:43 am #77224
MikeLittle
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Fair presentation, reliability, relevance, prudence, uniformity, consistency, materiality, substance over form, neutrality – surely all of these can be applied to your example of contract accounts
February 18, 2011 at 4:00 am #77225
christine71
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Thanks Joelim and MikeLittle.
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