About this document
Accounting for Biological Assets in Agriculture by Gizachew Nadew is a document available to read on EtoBox.
IAS 41 prescribes the accounting treatment for biological assets and agricultural activity. It covers biological assets such as livestock, plants, and trees used in agriculture but excludes bearer plants, harvested produce, and intangible assets. Biological assets are initially and subsequently measured at fair value less costs to sell, with changes recognized in profit or loss. Bearer plants are accounted for as property, plant, and equipment.
- Author
- Gizachew Nadew
- Language
- EN