This site uses cookies to provide you with a more responsive and personalised service. By using this site you agree to our use of cookies. Please read our cookie notice (http://www2.deloitte.com/ca/en/legal/cookies.html) for more information on the cookies we use and how to delete or block them.
The full functionality of our site is not supported on your browser version, or you may have 'compatibility mode' selected. Please turn off compatibility mode, upgrade your browser to at least Internet Explorer 9, or try using another browser such as Google Chrome or Mozilla Firefox.

IASB brings bearer plants into the scope of IAS 16

  • IFRS - IASB Image

Jun 30, 2014

The International Accounting Standards Board (IASB) has published "Agriculture: Bearer Plants (Amendments to IAS 16 and IAS 41)". The amendments bring bearer plants, which are used solely to grow produce, into the scope of IAS 16 so that they are accounted for in the same way as property, plant and equipment.

The amendments are effective for annual periods beginning on or after January 1, 2016, with earlier application being permitted.

Review the IASB press release.

Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.