The Accounting Standards Board (AcSB) established the Agriculture
Advisory Group in April 2017 to provide advice to the AcSB on its
project to develop authoritative guidance related to the accounting for
biological assets and agricultural produce.
The Group consists of:
The Group is expected to meet approximately four times in 2017. Meetings are not open to the public. A summary of discussions of each Group meeting will be made available shortly after each meeting.
For upcoming meetings, visit the AcSB calendar.
The Group further explored several key issues relating to measurement, and provided advice on how to address these concerns.
The Group discussed issues related to unit of account, unborn animals, impairment, presentation and disclosure.
The Group explored several key issues relating to scope, definitions and measurement that stakeholders raised in response to the Discussion Paper, and provided input on how to address these concerns.