Baker Tilly Blog

The New Revenue Standard: Construction Company Contracts

[fa icon="calendar'] 08 December 2017 07:30:00 BNT / by Soo Yin Ling posted in FRS 115, accounting standards

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Previously, we discussed the impact of FRS 115 on trading companies. In this blog post, we take a closer look at the new revenue standard's impact on the construction sector.

Accounting standards for construction company projects are being revised, with the existing
FRS 11 Construction Contracts and FRS 18 Revenue replaced with FRS 115 Revenue from Contracts with Customers. 

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