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Disclosure: Bearer Biological Asset

The document discusses accounting standards for biological assets and agricultural produce. It addresses measurement of biological assets and changes through growth or degeneration, and classification of assets as consumable, bearer, or agricultural produce. Measurement methods include fair value less cost to sell, cost model using depreciation and amortization, and the lower of cost and net realizable value.

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jhell dela cruz
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77 views1 page

Disclosure: Bearer Biological Asset

The document discusses accounting standards for biological assets and agricultural produce. It addresses measurement of biological assets and changes through growth or degeneration, and classification of assets as consumable, bearer, or agricultural produce. Measurement methods include fair value less cost to sell, cost model using depreciation and amortization, and the lower of cost and net realizable value.

Uploaded by

jhell dela cruz
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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PAS 41 CAPABILITY

COMMON
DISCLOSURE
AGRICULTURE FEATURES MANAGEMENT OF CHANGE

MEASUREMENT OF CHANGE

BEARER PLANT
BIOLOGICAL ASSET AGRICULTURAL
PRODUCE PAS 2

TYPES MEASUREMENT BIOLOGICAL


TRANSFORMATION
INVENTORIES
ASSET CHANGES
THOUGH

CONSUMABLE BEARER FAIR VALUE ASSET MEASURE EXPENSE COST COST


GROWTH MENT FORMULA
BIOLOGICAL BIOLOGICAL
LESS COST S
ASSET ASSET
OF SALE
PURCHASE SPECIFIC
PRO LOWER COST CLASSIFI
NCV
CREATION OF COST CATION
GOVERNMENT N
GRANT
MATURE/IMMATURE DEGENER CONVERSI
ATION ON FIFO
BIOLOGICAL UNCONDITIONAL
COST
ASSET
CONDITIONAL
WEIGHTE
OTHER
D
PORTION OF THE COST
AVERAGE
GRANT IS
RECOGNIZED IN
PROFIT OR LOSS
AS TIME PASSES

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