ICAEW.com works better with JavaScript enabled.

IAS 11: Construction contracts

The accounting standard IAS 11 sets out the accounting treatment of revenue and costs associated with construction contracts. Find articles, books and online resources providing quick links to the standard, summaries, guidance and news of recent developments.

IAS 11 will be superseded by IFRS 15: Revenue from contracts with customers from 1 January 2017.

What's on this page?

  • Full-text standard
  • Summaries
  • Guidance and support from ICAEW
  • IASB news
  • Guides
  • Online articles
  • Articles and books from the Library

Contact the Library

Expert help for your enquiries and research.

E  library@icaew.com
T  +44 (0)20 7920 8620
F  +44 (0)20 7920 8621

Full-text standard

The IFRS Foundation and International Accounting Standards Board (IASB) provides free access to the consolidated unaccompanied international accounting standards for the current year through its website; you will need to register to gain access.

These standards are the unaccompanied versions and do not include any additional content that accompanies the full IAS and IFRSs such as illustrative examples, implementation guidance and bases for conclusions.

Summaries

IAS 11 Construction Contracts 
IASB technical summary, as issued at 1 January 2014.

IAS 11 – Construction Contracts 
Timeline and summary from Deloitte IAS Plus, with information on related interpretations and amendments under consideration.

Revenue and construction contracts 
Topic summary provided by PwC, giving latest developments and overview, a summary of the standard and links to relevant resources.

ICAEW guidance and support

Financial Reporting Faculty
The faculty offers assistance and support in IFRS, UK GAAP and other aspects of business reporting. It offers technical briefings and factsheets, IFRS and UK GAAP standards-trackers, plus practical advice from industry experts and working accountants.

IASB news

IASB and FASB propose a new joint standard for revenue recognition 
Press release issued by the IASB on 24 June 2010.

Guides and publications

New on the Horizon: Revenue Recognition for Building and Construction 
This publication looks at the potential impact of the revised proposals on entities in the building and construction sector.

Revenue recognition: full speed ahead 
Practical guide from PwC, published July 2010, on the implications of the proposed standard on revenue recognition. Industry-specific guidance is also available, including supplements covering industrial products and engineering and construction.

New on the Horizon: Revenue from contracts with customers 
This edition of New on the Horizon introduces the proposals in ED/2011/6 Revenue from contracts with customers, which was published on 14 November 2011.

Other resources

IFRS Learning
Interactive training modules from Deloitte with practical scenarios, worked examples and questions to test your knowledge. Each module is available to download as a zip file free of charge (registration is required).

Online articles

The library provides access to a range of articles in full text from leading business, finance and management journals. Access to articles is provided subject to suppliers' terms of use.

Articles are available to logged-in ICAEW members, ACA students and other entitled users.

Articles and books in the Library collection

To find out how you can borrow books from the Library please see our guide to book loans. You can obtain copies of articles or extracts of books and reports by post, fax or email through our document supply service.

Can't find what you are looking for?

If you're having trouble finding the information you need, ask the Library & Information Service. Contact us by telephone on +44 (0)20 7920 8620, by fax on +44 (0)20 7920 8621 or by email at library@icaew.com.

ICAEW accepts no responsibility for the content on any site to which a hypertext link from this site exists. The links are provided ‘as is’ with no warranty, express or implied, for the information provided within them. Please see the full copyright and disclaimer notice.