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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › IAS-41
Sir plz tell me about IAS-41.
No way!
Well, ok then. IAS 41 is an International Accounting Standard (IAS) It’s the forty-first in the numerical sequencing of the series of IASs and is the last one to be issued. The standards that have been issued subsequent to IAS 41 are called International Financial Reporting Standards (IFRS)
IAS 41 sets the standard for accounting for agricultural matters and draws a distinction between biological assets and agricultural produce.
Now, can you take it on from there?
There is a chapter in the course notes – not actually IN the course notes but if you look on “home, ACCA, F7” and scroll down that page, there is a supplement mentioned and within that supplement is chapter 29 on IAS 41