Learning outcomes

What will you learn?

Key principles and objectives of IAS 41 Agriculture.

How to recognize and measure biological assets and agricultural produce at the point of harvest.

Understanding fair value measurement and its application in agricultural activity.

Treatment and disclosure of government grants related to biological assets.

Real-world examples and scenarios to illustrate agricultural accounting practices.

Participants

Who is this course designed for?

Accountants and finance professionals seeking to expand their knowledge of IFRS standards for agriculture.

Auditors and consultants advising clients in agricultural or agribusiness sectors.

CFOs, financial controllers, and managers in companies engaged in farming, forestry, aquaculture, or similar activities.

Students and professionals aiming to specialize in financial reporting for agricultural entities.

Pre-requisites

Necessary Qualifications

Basic background in accounting, finance, or business administration.

Familiarity with financial statements and general accounting principles.

Prior exposure to IFRS standards or agricultural accounting is helpful but not mandatory.

Course Content

What will you study?

Objective and scope of IAS 41 Agriculture.

Definitions: agricultural activity, biological assets, bearer plants, and agricultural produce.

Recognition and measurement of biological assets and produce.

Fair value changes, gains, and losses.

Government grants related to agricultural activity.

Disclosure requirements and reporting practices.

Practical examples and case studies for applying IAS 41 in real-world contexts.