IFRS, IAS, International Financial Reporting Standards, International Accounting Standards, IASB

International Financial Reporting Standards (IFRS)
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International Standards and U.S. GAAP
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International Financial Reporting Standards (IFRS) Notes

	IFRS Notes
11103	Contract Revenue and Costs Contract revenue = (1) + (2) (1) initial revenue agreed in the contract (2) variations variations in: (1) contract work (2) claims (3) incentive payments Measurement of contract revenue at the fair value of the consideration received or receivable Contract costs = (1) + (2) + (3) (1) costs directly related to the contract (2) costs that can be allocated to the contract (3) costs that can be charged to the customer, under the contract

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