20% off ACCA & CIMA Books

OpenTuition recommends the new interactive BPP books for September 2025 exams.
Get your discount code >>

ias 41

This topic has 1 reply, 2 voices, and was last updated 8 years ago by MikeLittle.

Viewing 2 posts - 1 through 2 (of 2 total)

Author
Posts
August 9, 2017 at 3:05 pm #401169
adarsh1997
Participant
- Topics: 646
- Replies: 282
Hi Mike!
IAS 41 says that after produce has been harvested, IAS 41 ceases to apply. It becomes inventory
But if for example, an animal has given birth to another animal, is the new born animal IAS 41 or IAS 2?
August 9, 2017 at 3:32 pm #401174
MikeLittle
Keymaster
- Topics: 27
- Replies: 23329
The birth of a calf / kid / lamb/ piglet could hardly be termed “harvesting”
Animals / livestock remains within the ambit of IAS 41
Author
Posts

Viewing 2 posts - 1 through 2 (of 2 total)

The topic ‘ias 41’ is closed to new replies.