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how the principle of revenue recognition is different in IFRS as compared to GAAP. Describe in detail the revenue recognition on construction contract and cost

how the principle of revenue recognition is different in IFRS as compared to GAAP. Describe in detail the revenue recognition on construction contract and cost recovery method under IFRS while comparing it with GAAP. Also discuss the new revenue recognition standard that is a result of the convergence efforts of FASB and IFRS.

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