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PFRS 15 Revenue Recognition in Construction by heyhey is a document available to read on EtoBox.
What is PFRS 15 Revenue Recognition in Construction about?
The document provides guidance on applying PFRS 15 to long-term construction contracts. It discusses key aspects of revenue recognition for construction contracts such as identifying performance obligations, determining transaction price, allocating the transaction price, and recognizing revenue over time using input or output methods. It also covers topics like variable consideration, changes in measure of progress, and accounting for onerous contracts.
- Author
- heyhey
- Language
- EN