WebJul 1, 2015 · Bearer plants . In order to bring bearer plants from the scope of MFRS 141/IAS 41 to MFRS 116/IAS 16, a definition is introduced into both standards. A bearer plant is defined as ‘a living plant that: 1 is used in the production or supply of agricultural produce; 2 is expected to bear produce for more than one period; and Webbearer plants, that, once mature, are held by an entity solely to grow produce over their productive life. Mature bearer plants no longer undergo significant biological ...

In June 2014 the Board amended the scope of IAS 16 …

WebExamples of bearer plants are: 1.Sugar cane roots that produce standing sugar cane 2. Rubber trees that provide latex, which is extracted from the tree Where an item is a … Webthe produce growing on bearer plants, for example, tea leaves, grapes, oil palm fruit and latex, remains within the scope of IAS 41. Main requirements IAS 16 permits the use of … disney screencaps aladdin

Bearer plant Vs Biological assets Accounting Standards

WebExamples of bearer plants are: 1.Sugar cane roots that produce standing sugar cane 2. Rubber trees that provide latex, which is extracted from the tree Where an item is a bearer plant, the plant and its produce will have different accounting treatments: • Bearer plants: A bearer plant should be accounted for as property, WebAgriculture: Bearer Plants / The three main issues raised by respondents to the ED Page 3 of 27 Issue 1: Scope of the amendments Introduction 6. The ED proposes to restrict the scope of the amendments to bearer plants. A bearer plant has been defined in the ED as a plant that is: (a) used in the production or supply of agricultural produce, WebA bearer plant is a plant that: is used in the supply of agricultural produce; is expected to bear produce for more than one period; and has a remote likelihood of being sold as … cozey sofa showroom