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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
ChristinePrudence. 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?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
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