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Agriculture

Published on: Dec 18, 2019

Note: The Accounting Standards Board recently announced that due to the COVID-19 pandemic, they are deferring the effective dates of all previously announced amendments to ASPE by one year (April 2020)

Presenters:

Presenter:

Glenda Rowein
Senior Manager, Audit
(306) 565-5207

In this webcast, we discuss the new Section 3041, Agriculture, which is effective for annual periods beginning on or after January 1, 2021. The new standard is expected to impact private companies operating in various agricultural sectors ranging from cannabis to cattle ranching to vineyards. We discuss how to classify assets between agricultural inventories and productive biological assets and the measurement of such assets.

English and French presentations available for download.

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