Hi!
I got a question. In IAS/IFRS do the company have to disclose construction contracts (the part thats not paid for during the period) in the "consolidated statement of financial position" as a liability, ore is it enough to have it in the notes?
The reason I´m asking is that I am evaluating a company, and it seems to me as the part of the company's construction contract that is left, is not disclosed in the liability side on the balance sheet, but in the notes. And after reading the rest of the notes and the IFRS/IAS rules, I cant see that they have to disclose it more than in a note. Is this correct?
Best regards!
/ Student
I got a question. In IAS/IFRS do the company have to disclose construction contracts (the part thats not paid for during the period) in the "consolidated statement of financial position" as a liability, ore is it enough to have it in the notes?
The reason I´m asking is that I am evaluating a company, and it seems to me as the part of the company's construction contract that is left, is not disclosed in the liability side on the balance sheet, but in the notes. And after reading the rest of the notes and the IFRS/IAS rules, I cant see that they have to disclose it more than in a note. Is this correct?
Best regards!
/ Student
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