Advisory for the construction and development sector
The accounting of construction contracts and real estate development projects is our speciality — from the requirements of the standards to the daily practice of contract accounting.
How we help
- recognising the revenue and costs of long-term contracts in line with Polish National Accounting Standard No. 3 and IAS/IFRS (including IFRS 15) — methods, stage of completion, presentation,
- the accounting of real estate development projects in line with Polish National Accounting Standard No. 8 — classification, production costs, timing of revenue recognition, development agreements,
- designing contract cost accounting and project budgeting — so that the contract result is reliable while the work is in progress, not only after completion,
- accounting policies and the chart of accounts for construction companies and developers,
- reviews of the correctness of contract accounting, support during the audit of the financial statements,
- opinions and expert reports in disputes over contract settlements.
Why FINANSUS? Dr Jacek Kalinowski is the
author of the draft of National Accounting Standard No. 3 (2006, updated 2009 and 2018) and
of the draft of National Accounting Standard No. 8 (2012, updated 2018), the author of the
books "Long-term contracts in practice" and "A compendium of knowledge on National Accounting
Standard No. 3", and co-author of "Accounting in the construction company" (all in Polish).
Let's talk about your organisation
Audit, accounting, advisory or training — write to us and we will come back with a specific proposal.