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Calculates WIP (Work-in-progress) and profit/loss, monitors costs and KPI’s, stores supporting documents, and helps external / internal auditing

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WIPFLOW is FRS 102 compliant

When the outcome of a construction contract can be estimated reliably, an entity shall recognise contract revenue and contract costs associated with the construction contract as revenue and expenses respectively by reference to the stage of completion of the contract activity at the end of the reporting period…

FRS 102 (January 2022) and amendment (27 March 2024)

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