Under IAS-IFRS standards agriculture activity is accounted for using a fair value model. In 2014, the IASB amended the accounting treatment for bearer plants with the aim to address some concerns that have emerged since the application of IAS 41. The amendments require that bearer plants be accounted for like property, plant and equipment (IAS 16). In this paper we analyse the theoretical aspects introduced by these amendments, moving from the IASB project. In particular we explain the reasons that led to these amendments and exploring whether all the concerns previously identified by accounting scholars and practitioners have been addressed. Moreover, we identify some possible obstacles to the practical application of the amendments to IAS 41.

Amendments to IAS 41 and IAS 16: implications for accounting for bearer plants / Bozzolan, Saverio; Laghi, E.; Mattei, M.. - In: ZEMEDELSKA EKONOMIKA. - ISSN 0139-570X. - 62:4(2016), pp. 160-171.

Amendments to IAS 41 and IAS 16: implications for accounting for bearer plants

BOZZOLAN, SAVERIO;
2016

Abstract

Under IAS-IFRS standards agriculture activity is accounted for using a fair value model. In 2014, the IASB amended the accounting treatment for bearer plants with the aim to address some concerns that have emerged since the application of IAS 41. The amendments require that bearer plants be accounted for like property, plant and equipment (IAS 16). In this paper we analyse the theoretical aspects introduced by these amendments, moving from the IASB project. In particular we explain the reasons that led to these amendments and exploring whether all the concerns previously identified by accounting scholars and practitioners have been addressed. Moreover, we identify some possible obstacles to the practical application of the amendments to IAS 41.
Accounting standards, IAS41, IAS16, bearer plants
File in questo prodotto:
File Dimensione Formato  
Bozzolan%20et%20al.pdf

Open Access

Tipologia: Versione dell'editore
Licenza: DRM non definito
Dimensione 119.59 kB
Formato Adobe PDF
119.59 kB Adobe PDF Visualizza/Apri
Pubblicazioni consigliate

Caricamento pubblicazioni consigliate

I documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.

Utilizza questo identificativo per citare o creare un link a questo documento: http://hdl.handle.net/11385/171205
Citazioni
  • Scopus 5
  • ???jsp.display-item.citation.isi??? 7
social impact