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Would a construction contract question come under IFRS 15? And if so, would the solution be completely different to a solution under IAS 11?
Thanks
IAS 11 is not in your syllabus!
In answer to your question, IF a construction contract question came up in the exam, you would apply IFRS 15
Thanks Mike,
I’m using the June 2014 BPP study text. I’ve googled IFRS15 but I can’t establish what parts of the standard I can ignore out of the hundreds of pages of PDFs.
Any ideas where I should go for IFRS15 examples apart from buying the September 2015 study text?
The construction contract questions in the course notes, somewhere around chapter 12 or 13 are still ok for calculating basic profits and for the workings generally.
There is now a dedicated chapter (27? 28? 29?) in the course notes that should be good enough for you
If you come across any issues, post again
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