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IAS 41

This topic has 3 replies, 2 voices, and was last updated 3 years ago by Stephen Widberg.

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January 21, 2021 at 2:54 am #607367
andrewpersaud
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Please explain example 1 in chapter 20 IAS 41. The notes answer and video lecture are different.
January 21, 2021 at 12:39 pm #607442
Stephen Widberg
Keymaster
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Sorry if there is an inconsistency – go with the version in the notes – does that version make sense to you?
I’m not planning to re-record at present as IAS 41 disappears from syllabus in September
January 24, 2021 at 1:58 pm #607772
andrewpersaud
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Is there any difference between the movement in fair value and physical change in biological assets?
January 25, 2021 at 10:37 am #607931
Stephen Widberg
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No – all changes are reflected in P&L.
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