Frequently Asked Question (FAQ) Accounting for Subsequent Expenditure on Biological Assets

Summary

The purpose of this FAQ is to highlight the accounting treatment for subsequent expenditure on biological assets, measured at fair value less costs to sell within the scope of IAS 41 – Agriculture (IAS 41)
AuthorSAICA Accounting Practices Committee
DivisionCPR - Financial reporting
Keywords
SAICA
FAQ
Financial Reporting
Subsequent expenditure
Biological assets
Categories
Financial Reporting
DateDecember 2020
File