A cross-ASEAN study on the effects of IAS 41 amendments on the profitability and financial statement presentation of agricultural firms with bearer plants
The amendment of the standard regarding bearer plants led to some difficulty in understanding for users. Throughout the study, it showed that there exist material differences in the financial statements once these bearer plants are recorded as property, plant and equipment (PPE) rather than biologic...
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| Main Authors: | , , , |
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| Format: | text |
| Language: | English |
| Published: |
Animo Repository
2016
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| Subjects: | |
| Online Access: | https://animorepository.dlsu.edu.ph/etd_bachelors/6235 |
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| Institution: | De La Salle University |
| Language: | English |
| Summary: | The amendment of the standard regarding bearer plants led to some difficulty in understanding for users. Throughout the study, it showed that there exist material differences in the financial statements once these bearer plants are recorded as property, plant and equipment (PPE) rather than biological assets at fair value. The study evaluated these differences that have arisen due to the amendments, and it gave as well an analysis into the specific changes in the financial statements. The study was conducted through a ratio analysis of the financial statements of affected companies, using ratios calculated from historical data and ratios calculated after incorporating the amendments. |
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