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A fair time for agriculture?

By: Series: Accountancy ; 128(1295) July 2001, 99(1)Publication details: 2001Subject(s): Summary: Questions whether or not farmers are ready for IAS 41, which will apply for accounting periods beginning on or after 1 January 2001. The standard requires biological assets to be measured at their fair value less estimated point-of-sale costs, except where it is impossible to measure their value reliably.

Questions whether or not farmers are ready for IAS 41, which will apply for accounting periods beginning on or after 1 January 2001. The standard requires biological assets to be measured at their fair value less estimated point-of-sale costs, except where it is impossible to measure their value reliably.