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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › IFRS 115
Hi Sir,
If an entity constructs a building for the customer,how we must account the construction cost since the building is in progress.I know revenue is recognised when the goods & services are transferred to customers.
Thank you..
Likely to be a contract asset for the exam – though a tightrope in practice!- do you have a particular exam question in mind?
