Accounting for Agriculture

… is actually kind of fun. I read the IFRS and ASPE standards on the accounting treatment of agricultural assets today.

  • IAS 41 was a pretty fun standard to read. Maybe it’s the Prairie girl in me 👩‍🌾 but learning about cattle, and trees, and produce feels more tangible, somehow, than learning about boring buildings and equipment…
  • ASPE 3041 was nearly identical, except for some different terminologies and as usually, gave more policy choices than IFRS for measurement.

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