BOT Project
This query is : Open
Sikandar Kumar Dubey
(Querist)
04 January 2011
What is the account method for BOT project and also tell us about applicable AS, Guidelines for BOT Project.
Vivek Raju P
(Expert)
05 January 2011
Under IGAAP there will be no different treatment.
There is no change against normal method. The assets will be capitalised and depreciated as per normal accounting practices, Revenue there on will be recognised based on the criterion or agreement.
However as per IFRS - IFRIC 12 this falls under service concession agreemnet and will have to be treated as a financial asset or intangible asset as the grantee will not have any control over the infrastructure.
Other opinions welcome
There is no change against normal method. The assets will be capitalised and depreciated as per normal accounting practices, Revenue there on will be recognised based on the criterion or agreement.
However as per IFRS - IFRIC 12 this falls under service concession agreemnet and will have to be treated as a financial asset or intangible asset as the grantee will not have any control over the infrastructure.
Other opinions welcome
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