accaf7ias2inventories(编辑修改稿)

accaf7ias2inventories(编辑修改稿)内容摘要：

F7 18 Classification • Fixed price contract – a construction contract in which the contractor agrees to a fixed contract price, or a fixed rate per unit of output, which in some cases is subject to cost escalation clauses. • Cost plus contract – a construction contract in which the contractor is reimbursed for allowable or other defined costs, plus a percentage of these costs or a fixed fee. F7 19 Contract revenue • The initial amount of revenue agreed in the contract, and • Variations in contract work, claims and incentive payment, to the extent that it – is probable they will result in revenue and – are capable of being reliably measured. F7 20 Continued • A variation – an instruction by the customer for a change in the scope of the work to be performed under the contract, such as the specifications or design of the asset, and the duration of the contract. – may lead to an increase or a decrease in contract revenue. • A variations is included in contract revenue when – it is probable that the customer will approve the variation and the amount of revenue arising from the variation。 and – the amount of revenue can be reliably measured. F7 21 Continued • A claim – an amount that the contractor seeks to collect from the customer or another party as reimbursement for costs not included in the contract price. – may arise from, for example, customer caused delay, errors in specifications or design, and disputed variations in contract work. • A claim is only included in contract revenue when – negotiations have reached an advanced stage such that it is probable the customer will accept the claim。 and – the amount that it is probable will be accepted by the customer can be reliably measured. F7 22 Continued • Incentive payments – are additional amounts paid to the contractor if specified performance standards are met or exceeded. – for example, a contract may allow for an incentive payment to the contractor for early pletion of the contract. • Incentive payments are included in contract revenue when – the contract is sufficiently advanced that it is probable that the specified performance standards will be met or exceeded。 and – the amount of the incentive payment can be reliably measured. F7 23 Continued • The amount of contract revenue may increase or decrease from one period to the next. + increase in the number of units + cost escalation clauses +/ variations + claims + incentive payments penalties F7 24 Contract costs • Costs relating directly to the contract – Site labor costs, including site supervision – Costs of material used in construction – Depreciation of plant and equipment used on the contrac。