The STUDIA UNIVERSITATIS BABEŞ-BOLYAI issue article summary

The summary of the selected article appears at the bottom of the page. In order to get back to the contents of the issue this article belongs to you have to access the link from the title. In order to see all the articles of the archive which have as author/co-author one of the authors mentioned below, you have to access the link from the author's name.

 
       
         
    STUDIA OECONOMICA - Issue no. 2 / 2001  
         
  Article:   HARMONIZED OF THE ROMANIAN ACCOUNTING SYSTEM WITH THE INTERNATIONAL ACCOUNTING STANDARDS. ACCOUNTING FOR CONSTRUCTION CONTRACTS (IAS 11).

Authors:  DUMITRU MATIŞ.
 
       
         
  Abstract:  

Harmonized of the Romanian Accounting System with the International Accounting Standards. Accounting for Construction Contracts (IAS 11). The  standard deals with the accounting treatment of construction contract revenue and costs, with a focus on:

·  Proper matching of contract revenue and related costs.

·  The allocation of contract revenue and costs to the accounting periods in which construction work is performed.

The standard is applied those construction contracts of which the dates of contracting and of completion typically fall in different accounting periods. They include contracts for:

·  Rendering of services

·  Destruction or restoration of assets and the restoration of the environment.

 
         
     
         
         
      Back to previous page