The International Accounting Standards (IAS 11) and its protocols for contracts in companies of the Santo Domingo Canton. A feasibility analysis.

Abstract

The objective of the present investigation was to analyze if the way of accounting for the costs of construction contracts is according to IAS 11 in the construction companies of the Santo Domingo canton. The research design is non-experimental cross-sectional, and the knowledge method was documentary and field analysis; concluding in general terms, that the allocation of income and expenses related to the construction contract must be made between the financial years in which it is executed, recognizing the expenses and income related to the contract.