A cross-ASEAN study on the effects of IAS 41 amendments on the profitability and financial statement presentation of agricultural firms with bearer plants

• Main Authors: Espiritu, Benedict Thaddeus P., Macasaet, Rafael Augusto S., Marino, Allyson Elaine T., Rivera, Francis Carlo C.
• Format: text
• Language: English
• Published: Animo Repository 2016
• Subjects: Agriculture > Southeast Asia > Accounting
• Online Access: https://animorepository.dlsu.edu.ph/etd_bachelors/6235
• Institution: De La Salle University

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.