IAS 41 Agricultura
IAS 41 Agriculture
Author(s): Corina-Graziella Bâtcă-Dumitru, Adriana Florina PopaSubject(s): Economy, Agriculture, Accounting - Business Administration
Published by: Corpul Experților Contabili și Contabililor Autorizați din România (CECCAR)
Keywords: IAS 41; biological assets; agricultural produce; bearer plants; recognition; measurement; disclosure;
Summary/Abstract: The accounting treatment and the information related to the agricultural activity that should be provided by entities operating in the agricultural sector and applying the International Financial Reporting Standards are stated by the International Accounting Standard (IAS) 41 Agriculture. In this article, we present aspects regarding the concept of agricultural activity, the scope of IAS 41, the recognition and measurement of biological assets, agricultural produce and bearer plants and financial statements disclosure, all these alongside a series of practical examples regarding the accounting treatments applicable according to the standard.
Journal: CECCAR Business Review
- Issue Year: 3/2022
- Issue No: 8
- Page Range: 11-22
- Page Count: 12
- Language: Romanian