Construction Contracts Contents

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accounting Standard(AS)765 Construction ContractsContents OBJECTIVE SCOPE Paragraph 1 DEFINITIONS 2-5 COMBINING AND SEGMENTING Construction Contracts 6-9 contract REVENUE 10-14 contract COSTS 15-20 RECOGNITION OF contract REVENUE AND EXPENSES 21-34 RECOGNITION OF EXPECTED LOSSES 35-36 CHANGES IN ESTIMATES 3 7 DISCLOSURE 38-44 ILLUSTRATION accounting Standard (AS) 7Construction Contracts *(This accounting Standard includesparagraphsset inbolditalic type and plain type, which have equal authority.)

accounting for construction contracts is the allocation of contract revenue ... 17. Costs that may be attributable to contract activity in general and can be allocated to specific contracts include: (a) insurance; (b) costs of design and technical assistance that is not directly relate d ...

  Contract, Insurance, Accounting