What is NAS No. 17?
Also known as: Capital Construction Contracts
NAS No. 17 “Capital Construction Contracts” sets the procedure by which contractors account for income and expenses under capital construction contracts. The key question is how to allocate income and expenses among the reporting periods in which the contract is performed. For foreign readers: broadly corresponds to IAS 11 “Construction Contracts” (now superseded by IFRS 15). Approved by Order No. 140 of the Minister of Economy and Finance dated 14 June 2024 (registered with the Ministry of Justice on 23.07.2024, No. 3533).