Expand
Resize
Add to favorites
All agricultural activity was in the scope of IAS 41, 'Agriculture' until recently. In June 2014 the IASB issued an amendment moving bearer plants, but not the produce growing on the bearer plants, from the scope of IAS 41 to IAS 16, 'Property, Plant and Equipment.' IAS 41 requires biological assets to be measured initially and subsequently at fair value less costs to sell. Judgement is required to determine fair value and complex models are often required. Entities with bearer plants are generally supportive of the amendment because it allows the use of the cost model under IAS 16. The amendment has a number of consequences that need careful consideration.
Expand

Welcome to Viewpoint, the new platform that replaces Inform. Once you have viewed this piece of content, to ensure you can access the content most relevant to you, please confirm your territory.

Your session has expired

Please use the button below to sign in again.
If this problem persists please contact support.

signin option menu option suggested option contentmouse option displaycontent option contentpage option relatedlink option prevandafter option trending option searchicon option search option feedback option end slide